Meanwhile, governments are frantically coming up with regulations so that they will not to be "circumvented" and still have taxes to levy on. They should be seeing crypto as a great disruption to their reserves... since most of the reserves don't really have real money ever since the paper currencies are no longer backed by gold. 😅
They have not even seen a thing yet, because I am sure as things are going, there is great possibility of seeing the market even grow bigger than this, and in that case obviously, they will feel even more threatened. Regulation as it is will be their main savior in the long run, but my hope is that they get to be lenient about it, most especially for the developed countries.
As the technology keeps developing and we get to start seeing real life usage the more, there is the obvious part of seeing the market serve a great function in the payment sector most especially when it comes to sidelining the banks for international transactions, which is already happening anyway.