Good. Too many scams and dumb money in crypto. It's amazing to me how naive people are. "Durrrr, crypto will bring down banking. Drrrr, crypto will bring down governments." Some common sense, level-headed regulation is needed to keep the idiots who just want to blather on about lambos and moons in check.
You have not understood that ''The Moon'' times, and ''Lambo'' times, have been possibly only because of the unregulated market
How old are you?
You have not seen the dot.com bubble... it was the same of what crypto and blockchain is for us.
Simply we have reached the top of the bubble, that's it!
It's not astrophisic, it's simple and plan.
In a reulated market without Hype, forget the Moon and lambo times.
Have you seen Stock market? Do you see a stock moon of 1000% in a week?
Never.
Those type of gains are possible only when we are in a bubble. The hype feed the bubble to grown, the smart ones get out at the right point leaving the later investor with their bag
So we were in a bubble when BTC went from 0,8$ to 29$ and then crashed to 3$ and never to recover?