With the increasing number of adoptions, there should be a better value, but if we evaluate the market now, it's still volatile, as evidenced by the fact that only during the bull run does the market pump and become overvalued. If we want to see consistent growth, the bull market should not give us a massive increase, as that would only indicate pure manipulation.
Take a look at other coins that pumped during the last bull run, like DOGE; it only pumped because Elon Musk hyped it. However, look at what happened to the price now; it was not able to sustain its value, and some investors probably panicked and dumped their coins. This situation could also be related to bitcoin, as overall, the crypto market (bitcoin and altcoins) is subject to hype and becomes overvalued when the bull run comes and is not free from manipulation.
It does become overvalued at times when the bull happens but also it becomes a little undervalued when the bear run happens as well. Right now, we are undervalued and bitcoin should be much higher than 30k, I am not saying that it should be 100k today, but at least a 50k would make sense.
The reality that we are not there at the moment is not really that great, and should be worried as well. I get that it will not be simple but that is the reality we are living in right now. There are way too many people who are arguing about the fact that bull run timing will be this or that, they argue a lot, but we all know that bull run will come again so the timing doesn't matter as long as we keep buying bitcoin at this moment.