Bitcoin is going through a mid life crisis as it morphs from a hobbyist coin into a serious international monetary system. I believe it is emerging from this at the moment, and will become a more stable and important asset in the future,
Bitcoin has gone through some "black swan events" like financial crisis in 2008 - 2009, the Covid-19 pandemic, the almost WWIII since 2022 but we have witnessed Bitcoin is about $80,000 recent days. It's magic and if these "events" have yet killed Bitcoin, I strongly believe that Bitcoin is here to stay, and will never die.
Developments, adoption will naturally grow with time while surely there will be further regulations which are not harmful for Bitcoin. Governments can not stop Bitcoin development and adoption growth after the Bitcoin snowball already started since 2009 and governments missed golden time to kill Bitcoin in earliest years.
Now even governments already mined bitcoin, invested money in Bitcoin, stop selling bitcoin seized from criminals in order to build up their National Bitcoin Treasuries.