第26页结论部分的翻译，可以部分反映当前行业现状：
Most people view cryptocurrency as an investment asset rather than a means of exchange. As we continue in an era of global instability, consumers around the world do not see digital currencies as safe-haven assets in all but the most extreme cases.
As cryptocurrency prices fall and global insecurity remains high, adoption trends could shift, with more people becoming interested in crypto as a payment method or privacy enhancing technology.
Capital controls and extremely high inflation are associated with higher levels of crypto use at the country level, but overall, gold and fiat money are still the preferred stores of value around the world. Interest in central bank digital currencies is highest in lower-income countries, posing a possible regulatory risk to decentralized crypto in the emerging world.
Since cryptocurrency is not broadly viewed as a safe-haven asset, current global instability will not drive up the price of crypto as it will gold and other scarce commodities. In countries with capital controls and super-high inflation, we nevertheless expect cryptocurrency adoption to remain high, as it is viewed as a relatively good store of value compared with some fiat currencies. Regulatory risks around cryptocurrency will continue to increase around the world in light of ongoing volatility and recent high-profile insolvencies.
DeepL 译文：
大多数人认为加密货币是一种投资资产，而不是一种交换手段。随着我们继续处于全球不稳定的时代，除了最极端的情况，世界各地的消费者并不把数字货币视为避险资产。
随着加密货币价格的下跌和全球不安全因素居高不下，采用趋势可能会发生转变，更多的人开始对加密货币作为一种支付方式或隐私增强技术感兴趣。
资本管制和极高的通货膨胀率与国家一级的加密货币使用水平较高有关，但总体而言，黄金和法定货币仍然是世界各地的首选价值储存。中央银行数字货币的兴趣在低收入国家最高，这对新兴世界的分散式加密货币可能构成监管风险。
由于加密货币没有被广泛视为一种避险资产，目前的全球不稳定性不会像黄金和其他稀缺商品那样推动加密货币的价格上涨。在有资本控制和超高通胀的国家，我们还是预计加密货币的采用率会保持在较高水平，因为与一些法定货币相比，它被视为一种相对较好的价值储存。鉴于持续的波动和最近高调的破产事件，围绕加密货币的监管风险将继续在世界各地增加。
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