Although Cryptocurrency's crashed its still the future

Bitcoin is trading nearly 40% below its record price of $64,000 following a sudden crash sparked by regulatory moves in China.

Ethereum is down more than 35% from its all-time high, and Dogecoin is off more than 45%.

Investors expect cryptocurrencies to be volatile.

But the severity and breadth of the pullback has traders worried about a potential bubble, and observers are asking tough questions about whether coins are good stores of value.

The crash follows heightened interest from institutional investors in crypto assets, a trend highlighted by Tesla's decision to purchase $1.5 billion worth of bitcoin.

Adoption by other big corporates and investors may now slow.