I want to agree with him on one thing and that is that regulation is always a few years behind new innovative technologies and Bitcoin is one of them. It is difficult for companies to ignore the lack of regulations and to continue accepting Bitcoin as a currency, because they would be moving in a grey area and even possibly breaking the law, by doing that.

Once Bitcoin is clearly defined by these regulations, we should see a a increase in adoption.

This is true, it is hard to expect greater integration of
BTC in daily life when so many things are still in some gray zone. Unfortunately, regulations of cryptocurrency goes pretty slowly, at least from perspective those who show interest in this matter. It is not a question can this job can be done much faster., Japan, Germany, Malta and some others countries have shown us that is possible to do that, and they benefit from it. New jobs are being opened, state revenues grow from collected taxes and cryptocurrency is moved from dark or gray zone in something completely legitimate and available to everyone.