I do not understand the hype about ETFs. If BTC should become more than digital gold or store of value, then the coins need to circulate in the real economy as a means of value transfer, aka currency.

So looking from a currency perspective, it is not a bad thing that the BTC price is range bound in a narrow band over a long time. No one would use it as a means of payment if coins not spent today are much more valuable in the near future (i.e. one month time).

I think it is healthier if the price only increases a few single percentage points each year due to its deflationary construction than having it mooning and crashing in rapid succession.

BTC should be a P2P payment vehicle and not an object for speculation.