95% of crypto projects from five years ago are dead already which is a shocking survival rate. A lot of this is down to people starting projects with no experience, no adherence to legal structures, no business plan and no thought of how to actually run a business or a blockchain other than making money.

That's a key point and it's why I don't diversify hugely within Crypto as there is so much rubbish out there and history has proved it, I'd even say 95% could be on the low side.

As you say regulation is a pain in the ass, but a necessary evil if we want to evolve and grow as an industry.