From the view of a new mainstream investor

Mainstream Investor here that just entered crypto. 95% of my money is in "safe" index funds, Real Estate and even some Gold. But I just sold 5% of my index funds to invest in crypto. Why would I get into crypto now you may ask, when China is cracking down on it, when it's environmental impact seems to be critisized publicly increasingly, when it all seems to be sloping downwards?

The answer is simple and you probably heard it all before - but here are the points that spoke to me, Mr. Mainstream investor, and drove me to finally take the plunge:

1 - I intend to use it as a long term store of value, like Gold and a way to diversify, not so much as a currency. The argument of limited supply of Bitcoin makes sense to me and seems like a good inflation hedge. ESPECIALLY if it gets outlawed and made more difficult to mine, in my mind this increases the value. Just look at other outlawed things like drugs, ivory etc. - while it may be ethically wrong, the value of these things increase as it gets outlawed as it is harder to get. In fact, the best way to fight drugs is to legalize them. So I am not to worried about the crypto crack down and instead welcome the drop these news are causing for me to get in.

2 - I was very sceptical of the transactional legitimacy of crypto in general, until Coinbase went public, Paypal made it available and generally other well-known companies started introducing it. That's when I finally started to trust the process, to actually put in my credit card numbers in an exchange to make the purchase. So even if it gets outlawed or frowned upon in other areas, the transactional trust is there now.

3 - By the time Bitcoin and crypto in general caught my attention, there were new all time highs every day. I don't like to buy at all-time highs. So I was lurking these forums for months without doing anything, waiting for an opportunity to finally get in. This opportunity is now, so I would say, expect a ton more people like me to enter the playing field soon. This should help stabilize the prices and make it less volatile, as the ratio of gamblers and day traders slowly shifts toward long term index fund type investors like me.

So yeah tldr I think there will be a wave of new retail investors like me that have been lurking for quite some time who will finally be loading up on this dip.