It is very unregulated market which is very revolutionary and will change all the traditional sytems including banking, even maybe governments in some aspects so it is very vulnerable to fuds, I think in the future, fuds have less effect on the market.
I agree with this 100%. I think this is a very revolutionary technology and has the potential to change so many industries. Not only the financial industries although this will be one of the first markets to see such disruption I believe. Which is why so many banks and financial companies are spreading lies and downright blasting crypto as a whole. I do see a complete cashless (fiat) society soon and one that can also be trustless with blockchain and smart contracting.
I do agree there will be less fud in the future although that may be some time out. I do think when mass adoption comes and there is everyday use cases in normal peoples live ,then fud won't have such an impact on market which will decrease volatility.
Also as for governments being affected by blockchain... Oh yes. I think this should and will happen. Just like what the canadian government is doing with complete transparency and oversight on their budget spending utilizing the blockchain. I think this is something all governments should have to do. Us as tax payers should have a right to know what our taxes are being used for and not have to hope what our corrupt politicians and lobbyists want us to believe is the truth.