Unless the price falls through $5000 on it's way to $0. I am still skeptical about crypto. I can see how there is a place for it but without regulation it cannot survice and the current crop of crypto are unable or unwilling to be regulated
I want to mention and clarify 2 important things on this:
1.Regarding being sceptical about crytpos, there were always some people who were sceptical about Bitcoin and cryptos when Bitcoin price was $2,$20,$200,$2000,$20000 and now it is around 10 years from Bitcoin invention starting with few cents per BTC with multiple ups and downs. Also, I am sure there will be definitely some people who will remain sceptical may be even after few more years when Bitcoin price will be 200K,2M or 5M USD per BTC. That is normal at least for me in my past 7 years and that's how the wealth transfer is happening in the world now and will continue to happen so that no authorities or entities can hold or control large amounts of wealth under their control and that's why the Bitcoin ups as well as downs both are needed.
2.Regarding crypto regulation, Bitcoin was created originally with the intention to remove the regulator and NOT to be regulated. It means regulation will happen as long as governments and central banks and other authorities try to control and print money at their will. But Bitcoin was created to make all such entities and authorities redundant and useless and not the other way around. I mean they can regulate centralise cryptos like facebook's Libra, but can't regulate the decentralised Bitcoin and decentralisation is the key concept of cryptos and Bitcoin. After functioning of sufficient number of decentralised of crypto exchanges such a term called 'Regulation' will vanish permanently, because there might be no governments or central banks exist at all to regulate any such things.
Artificial General Intelligence