I think we need bitcoin to be regulated if we want to see it continue to hold its strength and become a stable investment in the future.
Without central authority looking at bitcoin, it is only those people who have hold a big number of BTC will benefit, they will continue to make money by manipulating the market, and this risk will continue to be high. We like adoption, and we like investors to make it possible, but this will not happen without the government overseeing bitcoin and the entire crypto space.