Once there is more clarity with regulation, the whole space will boost, or perhaps even without some of this, as we are seeing now.

Although people are starting to want crypto, and this trend is continuing, the fact is, especially with privacy coins, bigger players are too nervous to touch such hot potatoes. So I would say, think carefully about these 'undervalued' coins, and choose wisely.

Decentralised money like bitcoin could cause major problems?
Governments will surely need access to blockchains, so they can trace what is happening.

It's totally true, that a lot of people have only heard of Bitcoin, while a lot of other coins have better tech and are ready to go. So it's a good thing to advise people about these great projects.

It might be wiser to invest in:
groundbreaking tech coins,
coins for working products or platforms (like Steem)
projects that look good for helping society, and that governments will support.