What if currency regulation is cyclical?

Money would have been much like Bitcoin in its early days: struggle to gain mainstream acceptance. But after years and years, this was achieved and what came with it was banking and the need for regulation of money.

Bitcoin comes along and disrupts this. Regulation and banking is no longer relevant. But the 'mainstreams' get interested and soon after we have Bitcoin banks cropping-up to cater to the needs of the average Joe, who does not fully understand the ideology behind Bitcoin and wants someone to look after his money. Let's face it, if people will pay for it, someone will provide it. To regulate these banks and regain monetary control, local governments start buying up masses of Bitcoin and release in return for bonds when greater money supply is needed.

By this point, all of the early adopters have been supporting a new type of currency to replace Bitcoin. And the cycle starts over again.

Just some food for thought that is not supposed to be taken too seriously.