People arent dumb enough to put their information in blockchain and make it public. A little bit of regulation is needed because bitcoin needs more reliability of the mass public. Otherwise its demand wouldnt be increasing anytime soon. Besides, the market is still very volatile and manipulated by whales. Bitcoin isnt weak, its just passing through a correction stage and when it ends, well see its price rocketing.
Most people in bitcoins are no have idea about the purpose of bitcoin and it's anarchy bitcoin is the catalyst for peaceful anarchy and freedom. It was built as a reaction against corrupt governments and financial institutions. It was not solely created for the sake of improving financial technology. But some people adulterate this truth. In reality, Bitcoin was meant to function as a monetary weapon, as a cryptocurrency poised to undermine authority. Now it is whitewashed. It is seen as a polite and unassuming technology in order to appease politicians, banksters, and soccer moms. Its purpose is sometimes concealed in order to make the tech palatable to the unwashed masses and power elite. However, no one should forget or deny why the protocol was written.