I won't agree with you on this because if this would be happening then  the price of Bitcoin would have increased a lot by now or at least would have crossed $15k but that doesn't seem to be the case. In fact BTC is dropping in price day by day. People are selling BTC and other cryptocurrencies which can be noticed if we look at the market cap.

Coming to the regulation part, I believe it should happen, at least for now because this way it will be legal in some countries which will in turn make people believe in BTC and then the price might rise again. BTC's regulation has its own advantages and disadvantages which would require a new topic to be created since it is vast.