I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.
The problem is that the price is a measure of success. a $100 Bitcoin accepted by millions is impossible because of its limitations. With holders and lost Bitcoins in mind you won't have more than 10 million Bitcoins in circulation, and now it's probably much less. Price will follow acceptance.
I'm not obsessed with it but if a developing technology goes back in price to where it was 2 or 3 years before it shows that it's not developing but getting rejected. We can't ignore it.