In my opinion There are many ICOs which have a bright future and are actually doing something and not spreading social awareness about some shitcoin. Therefore once the big countries (whom the OP talks about) realize that they are missing out on it and comparatively other so called poor countries are gaining on them - there will be a change. Soon they will realize their mistake and it will be all the same again. The panic in the market is created by some whales since they are desperate to join.