> the US market, wich is a tiny fraction of the worldwide Bitcoin market
How do you come to this conclusion? Take a look at the volume on bitcoincharts. mtgoxUSD is beating the pants off everything in terms of volume. It also loses tons of volume after the seizure on the 17th. This is pretty consistent with the idea that most BTCers are in the United States (most of the exchange volume is BTC<>USD) and their behavior changed drastically right when Dwolla was seized (the volume died after the 17th).
3. Only ~9% of the world internet users are americans, making the USA a tiny market with respect to the potential future of Bitcoin.
4. bitcoincharts exclude many foreign exchanges (metabank in Russia, where Bitcoin is HUGE), all private trades (eg. Avalon claimed they sold all the bitcoins they needed to sell to build their 110nm ASIC at TSMC, to private buyers in China; the fact they were able to do this with no pb just tells you how big private trading is in China), etc.
How do you come to this conclusion? Take a look at the volume on bitcoincharts. mtgoxUSD is beating the pants off everything in terms of volume. It also loses tons of volume after the seizure on the 17th. This is pretty consistent with the idea that most BTCers are in the United States (most of the exchange volume is BTC<>USD) and their behavior changed drastically right when Dwolla was seized (the volume died after the 17th).