70% of humanity live under governments deemed authoritarian. None of those authoritarian governments allow Bitcoin to be used as a lawful MoE. In most of the other 30% of the world, the so called libneral western democracies, using Bitcoin as a lawful MoE is made impractical due to tax laws that make it extremely onerous to use Bitcoin lawfully as a MoE. Nearly all governments are very reluctant to release their hold over people by allowing Bitcoin MoE to become widespread- I would argue there is absolutely no guarantee that Bitcoin will ever become lawful and easy to use in most countries unless we all genuinely and determinedly, fight for it. Otherwise it will be completely captured and controlled as a KYCed, taxed speculative commodity held exclusively by institutions and governments.

The ratio of the protocol held by private individuals is rapidly and constantly falling already...and by far most still held privately is held with the primary intent and purpose of speculative gain because MoE use has been so successfully and slyly obstructed (if not outright banned) by almost all governments.