The StF model have failed back in 2020, due to legitimation of bitcoin, a process which started in 2017.
Legitimation is a process in which something disruptive to the financial status quo is turned into a Wall Street asset, being subjected to paper speculation (eg, ETFs).
Many maximalists asked for legitimation years ago, arguing this would bring "adoption" to crypto. It did bring adoption, but by the wrong people, the very people bitcoin wanted to get away from.
Moving goal posts forward will not work for the StF model. It was doomed after the covid dip. Currently the price is at the mercy of the global financial markets. If bitcoin was not legitimate, price would be above 50k. Since it is, price is going to 5k.