Of course, once Wall Street is shoulder deep in crypto, all will be well.

Change is coming. However we need to be careful about those in wall street who see crypto as an opportunity to seize power. We've already seen what has happened to the EOS platform with the jurisdictional takeover of the protocol. Many are selfish and simply have no intention of sharing. Wall street already has this selfish disposition and may well turn it's back on the publc good and support debased centrally controlled crypto's that are fully censorable, reversible, and confiscatable. Maybe we cypherpunks will know the difference, but they are shutting us down by the numbers from YT and social media. News, and therefore "truth" is a numbers game which they can manipulate at will assuming the public has a short enough memory and lacks principles.

I think it's possible that universal breakdown of the old establishment could morph into a new establishment takeover by a technocratic monopoly on power. A sizable segment of the population may remain enslaved for at least a generation because of this. If this was going to go the other way, then Facebook would not still be growing despite massive censorship and other egregious abuses. Most on FB aren't driven by a moral compass, but by dopamine hits caused by FB likes. They are addicts.

Many don't have the means to take responsibility for themselves since they weren't taught how to be self sufficient when they were young. Those who are currently outside of the banking system have the greatest opportunity to advance, if they can see / seize it. I think the revolution will originate from the 3rd world outside of jurisdictions controlled by the west if the west doesn't economically implode first.

This is a bad combination for the establishment.

It's bad for the old establishment. A new establishment is rising and trying to replace the dinosaurs and most of them are at the helm of centralized IT (Google, Amazon, Facebook, etc). Crypto has been turned into a speculative asset instead of a P2P medium of exchange caused by law which says it's not a currency, but a stock, and using greed to hamper progress, turning every transaction into a taxable event. They want users to Hodl it long enough for their replacement centrally controlled crypto to catch up.

The most worrying thing to me isn't that they will try to regulate cryptocurrencies. They can't because bitcoin (and some other crypto's) are unstoppable code. I suspect that certain segments in the deep state are trying to pendulum swing the US population into support for socialism. Then some will attempt to seize the means of production in order to make crypto useless for buying anything in the physical world (by instituting capital controls - thanks to @anonymint for pointing this out).

There will of course be black markets and places in the world not controlled by the US. Unfortunately the best chance for freedom from this is collapse of the USD which forces the future government of Amazon to quit outright before it can get started with its economic reset and seizure of the means of production. That means a really rough ride. Millions will die if this happens.