On the other hand, given the growing trend of new government regulations, this may be the beginning of a long winter.
This has been a constant hindrance to cryptocurrencies' growth over the past few years and governments don't seem to be backing down either as continued attempts to regulate cryptos has barely bore any fruit. Yet, it does not stop them from being stubborn and further ploys continue to play an indirect influence on the price, negatively.
I don't exactly see it as a hindrance although government regulations has made the price go down a bit in the past. This doesn't stop investors from buying in crypto and there is still support even though government regulations will be made. Governments may try all they want to control crypto and impose regulations as much as they want but people will still continue to use their cryptos and find a way around it.