u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.
...
Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?
Taxes on crypto is not different to what people pay on other income, it is less in some countries and many are yet to tax capital gain on Bitcoin
There are still many options of exchanges to use and most users are not particular in protecting their privacy or decentralization.
None of these reasons will be enough to get people to drop out of Bitcoin, if you generalize it to the entire crypto ecosystem, there are so many other reasons for one to stop holding altcoins and buying into new projects.
- Jay -