Interesting. I expressed my thoughts on this just a few minutes ago stating the opposite. I don't think regulations and the State looking after cryptocurrencies is positive.
It seems you are looking for a price increase when you say Bitcoin needs regulations [to attract big investors]. We'd want Bitcoin distributed among individuals and not onto the hands of a few elite heads and firms. Also, idealistically speaking, Bitcoin shouldn't be priced in dollars, but rather goods and services should be priced in Bitcoin.
You've summed up here:
if cryptocurrency becomes a tool under centralized officials the purpose of introducing blockchain technology could possibly become invalid as transaction activities will be strictly control and monitor by such regulatory bodies which will make decentralization a thing of the past.
I believe mass adoption is inevitable as soon as individuals learn how the Government can fuck up their life savings. If we haven't learned already after Canada's protests, pro-Ukraine Russians in Russia, and many other sanctioned countries whose individuals are the victims (not the state), we'll never learn.
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People need to understand how centralized system work it will help them get a better understanding why bitcoin is the best saving option.