What I mean is that people who are hoping the price shoots up to $100,000 are morons.
They have no regard for the market cap
You should be able to differentiate between a $1,000,000 marketcap and $1 trillion market cap. Most Bitcoiners are unable to do so. They believe in it rising to infinity and beyond because of previous movements.
That's not how the market works, dummies!
They're not concerned about actual usability
When there are $50 fees, there will be less incentive to move money around, slowing down the Bitcoin economy. If there's no circulation and flow, how can Bitcoin be considered a currency? That leads me onto my next point...
Bitcoin is something speculators use to bet against other speculators
A high price is attractive for those in the game only. It doesn't help expand worldwide coverage. It's a turnoff, actually.
Who are the ones profiting from Bitcoin? It's the speculators.
When I look at Bitcoin from a practical point of view, I don't see $1 trillion worth of goods and services being passed through it.
Market cap surely matters, but at least we can safely say that bitcoin can reach the previous results if not set the brew ATH. Apart from that, transaction fee issues are supposed to be solved by the lightning network. And also, I disagree that high price is rather an obstacle on the way to mass adoption. I think that if bitcoin doesn't at least get close to previous records, the merchants will not accept it widely, because nobody wants to lose do much money. We need a slight upward trend and pretty high prices for people to be motivated to accept bitcoin.