Regulation will make Bitcoin more stable and less prone to extreme fluctuations.
Mind explaining how exactly?
Great example of how regulations aren't very effective when it comes to avoiding fluctuations, are the flashy tech stocks such as Facebook, Tesla, AMD, etc.
The only reason why they don't fluctuate as severely as Bitcoin, comes from the available liquidity, but even that liquidity wasn't enough to prevent Facebook from tanking ~20% in a matter of hours, making it lose $120 billion in market cap value. Even Wall Street itself was shocked about what happened since it is the first time a stock lost that much value that quickly.
All these articles stating that the relatively mild fluctuations of this year are due to regulations are straight bs. We have had even more stable phases back in 2015 and 2016 and there were no regulations back then.