TL;DR -> just ignore this post as it has no substance and it has no arguments. It is just a rant about something which is not clear, but not even examples are given to make their point.
Both outcomes are simply not going to happen and those supporting either of those outcomes will be disappointed.
Co-existence with the current system is the most highly likely outcome with some cryptocurrency projects staying around and meme-coins, tokens will disappear even after regulations coming in.