if there is no significant development, I think yes, indeed bitcoin will be like this and it is difficult for a significant increase. even though it finally rises, but it will take a long time. but if the government does not agree with that, bitcoin can be banned and will eventually disappear slowly.
The government has rules, BTC is just a system of payment, and those supporters especially the big one will find a way to get this accepted by the government. For example, the SEC application for ETF, that is an effort of the BTC supporters, if that is approved, then it will be very good for crypto as a whole.