Regulations saved the companies in those stock markets, not the stock market itself. The companies that leveraged their positions insanely actually lost a ton of money when the stock market crashed and right after that got saved by the regulations and goverments and they reinvested when the market was crashed and of course the new money coming in fixed a bit of the stock market which took time but the people in those markets actually lost a ton of money. So if cryptocurrency ever gets regulated I am 100% sure that whales will be saved whenever something bad happens and we will be the one thrown under the bus.
with regulation will certainly increase investor confidence. moreover there is legality from government, which will be safer. and it is true that whales will lose space to move. that means market will return to health
Its decentralized so how can we expect the things to be regulated by the government and even though crypto is not an investment it is an currency so comparing it with stock market is not fair though but we can regulate the usage of crypto currencies which can built the trust among the users not the investors so the adoption will occur for currency not for investment.