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.
Can you be more specific what low-income countries are those and do you have data to support your claim or this is just an assumption, not because the price is not what we come to expect we can say that Bitcoin is losing popularity
You can check it here
https://trends.google.com/trends/explore?date=today%201-m&gprop=news&q=bitcoin you can hover on per region and you'll see that Bitcoin still holds the number 1 search term in that region in Canada, China Russia, and other countries.