I think the long-awaited crash has come. Nobody wants to buy BTC for 10k at the moment )) even 6k was too high so like in any other market there should be a bear run prior to bull run.
But I think that the main cause for the lost interest to crypto lays in ico scams and trash projects that flooded the market. This just proves that society is still driven by greed and we do need regulation to strive.. otherwise it's just a chaos...
If we need regulation means that the main idea of crypto, decentralization and independence, worth nothing and fiat is the best
It's not so easy as 123... crypto will always stay decentralized but also regulations for ICOs and Exchanges are inevitable. The only question is who is going to do it... Also I believe that different Cryptocurrencies will take different paths.. There will be cryptos which are totally anonymous and other ones will be regulated by governments, banks or democratic organizations.... This is still better because you can't delete crypto money with a push of a button if you hold it.. compared to fiat.... you never own it... Banks do
So I guess we never know what's its gonna be. But definitely It's the future for decentralized money.