Yes, many people are. There are also people who think they want bitcoin to be regulated because they think it might be good for the price hehe. They might not have thought of the regulatory crackdown this might cause in the cryptospace.
In any case, the fud has begun. We will read bearish news more than bullish news from mainstream media and some of the bitcoin media websites. It was only last week when everything we can read about bitcoin was positive. I reckon the storyline has changed.
The Bank of Canada said volatility in cryptocurrency assets is an emerging vulnerability to the country’s financial system, a day after a major selloff in the sector.
The central bank also flagged risks associated with so-called stablecoins -- cryptocurrencies that are pegged to a more stable asset to reduce volatility. If widely used, they have the potential to disrupt the bank’s monetary policy mechanisms. “Unless stablecoins are backed exclusively by Canadian dollars, their widespread adoption could inhibit the Bank’s ability to implement monetary policy and act as lender of last resort,” the bank said.
Despite the broadening institutional interest in cryptoassets, they continue to be considered high risk because their intrinsic value is hard to establish,” the Bank of Canada said.
Source https://www.bloomberg.com/news/articles/2021-05-20/bank-of-canada-calls-crypto-assets-an-emerging-vulnerability-kowzgh8y