For a long time now traditional traders have steered well clear of Bitcoin and Crypto. This has mostly been due to regulations, but recently they seem to be having a change of heart. There are a few reasons that could be factored in, but undoubtedly the big one is the looming global recession.
Here is why Traditional Traders are Setting Their Sights on Crypto:
https://coins.newbium.com/post/30235-traditional-traders-are-setting-their-sights-on-cr Why do you think they are having a change of heart?
No, i don't think is due to regulation, just another financial product for them to trade only.
More choices more opportunities.
And for now because of uncertainties , not every traders are high-risk one, so they need to do some hedging.