The technology adoption price curve applies to crypto-currency in general. Whether Bitcoin is the vehicle for crypto-currency in general remains to be determined, but most likely it is.
That there are weak hands which are illogically fearful of impractical regulation is just the way markets work. The shorts shake the trees (so the ripe fruit of weak hands can be harvested) as service to mother nature.
Edit: that is unless you think crypto-currency is fundamentally impossible to perfect, i.e. that the centralization problem plaguing Bitcoin is insurmountable (meaning impossible to mitigate). I don't believe so and I am down in deep on the technical issues.
While I think that cryptocurrency might achieve near-perfection and answer most of our problems as money transfer vehicle, payment processing solution and monetary system.
But I also think that there is high possibility that anti cryptocurrency lobby (basically every major financial institution, banks and governments are afraid of free money) might interfere with evolution of BTC.
In normal circumstances technology adoption price curve would be 100% correct - sure, people are overreacting a little every time something goes slightly wrong with BTC, but we can't predict how this situation with capital control will unfold.
If crypto-currency is
fundamentally better for people and society in some necessary way, then nature will figure out how to route around the Coasian barrier.
I can tell you I am actively trying to develop a project to bring crypto to the masses. That doesn't mean I will succeed. But someone will, else it means crypto didn't really solve any problem that needed to be solved.
Did you see for example where I wrote on Steemit that security of the Internet could be radically improved due to blockchains. I forget at the moment the exact point I made, but afair it was related to eliminating the need for certificate authorities.
I believe decentralization is going to unleash killer apps that society will refuse to abandon once they've been demonstrated. We are moving to a world where people need to be able to express their creativity unfettered. I believe the killer apps will derive from that.
I could write more detail about this, probably in the near future. I'd prefer to be speaking not so abstractly and more retrospectively about technologies/milestones that had been achieved.
I understand the Wall of Worry we are in now. It is justified. But my intuition tells me that blockchains will succeed.