Bitcoin is still going through lots of phases of doubt. With only a decade of experience, any circumstance brings in a mixture of FUD and FOMO. Halving, war, pandemic, recession, elections, gold price soaring etc. Be it whatever event you wish, people still do not know what to do about Bitcoin during certain events. That shows how young this market is. Look a minute through the Bitcoin Discussion and Speculation boards and see for yourself how many are in doubt. Questions like "What happens after the third halving?", "Does BTC price follow gold's?", "Would Bitcoin rise during a pandemic?" etc are exactly what I mean. Doubt.

I think the focus is spreading out too many ways at the moment in the market. We're switching focus from Bitcoin to scams like X10, then when Bitcoin soars we're switching back to where we were before. Too many markets, too many coins, too many scams. We need a cleanup and a start-over. There's absolutely 0 utility in having a total of 3k coins & tokens with different features if they're all on different exchanges, some with close to 0 volume. These need to go away, too many have learned that cryptocurrency means joining bounties and supporting shitcoins to get rich.

BTC might be open-source and all, but that does not equal continuous revolutionary updates. I think just the fact that you can cross borders with a billion dollar in your pocket sitting inside the code written with your own hands on a piece of paper is mindblowing and revolutionary enough. Then we have the entire Blockchain structure and all. It was revolutionary enough to bring big names in the game. But it's still too early to know if BTC actually has the future Satoshi envisioned or not. We need to go through a few phases, like @gentlemand said.

I do get your point OP, and the more the price soars, the higher the fees will probably be, right? If we had a $100k price per BTC like many speculate, that turns the fees you've mentioned in the OP into +$2. That's 200% fees for a $1 transaction and remember, the higher the price is, the less a dollar is worth in BTC. So we're looking at a price of 1000sats for $1. Think about $1M/BTC and that turns your fee into a whopping $20. This is where my suggestion comes in, one that I have mentioned in a post from a few days ago: adding more digits to BTC (like ETH) so the fees would be pushed back by a few digits. I might say nonsense right now but wouldn't this be possible through a BTC update or second layer? Nobody's answered me on the other thread so I'm reviving the same idea now.