Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
for me it is not the main factor that bitcoin loses its popularity, but the government or the country is still studying crypto and bitcoin. the proof is that currently in my country there are still including low-income countries.
I hope they find good insight into bitcoin and become more popular when another country introduces Bitcoin as a great help to our economic growth. Probably there is a conclusion. Maybe it's due to its value since the value of bitcoin now is so low the reason why there are only a few people who are attracted to invest on it and I think in order to regain it's popularity much better to double or triple it's price to attract more people to invest in order for them to be able to earn big profit.
I believed when the next halving comes it will gain again much more popularity and people will adopt again and hoping they will gain profit but the fact they are too late, they cant jump in when the price is high.