Non sequitur. That only means that it is not a good store of value from before being regulated to after being regulated. If however, governments figured out s

Non sequitur. That only means that it is not a good store of value from before being regulated to after being regulated. If however, governments figured out some standard harmonized regulations and consistently enforced them, then afterwards there would no longer be a threat of regulation. In fact, getting regulation applied might actually reduce volatility, because the uncertainty about the threat of regulation would be taken out of people's pricing estimates.