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.
Well firstly, I don't think you should look at the popularity of something off Google Trends. It isn't a good indicator of how many people use it, what transactions are there, etc, it's just how many people Google something which might not be the best data.
I'd actually argue the different thing - Bitcoin adoption in those smaller countries, like South Africa and other African countries have been extremely important and they are probably one of the main countries/continents that utilise Bitcoin and other crypto-currencies.