While predicting the future price of Bitcoin is inherently uncertain, there are several plausible solutions that could contribute to a potential price surge. A combination of mass adoption, regulatory clarity, technological improvements, institutional investment, global economic conditions, and educational efforts could collectively drive demand and value for Bitcoin in the years to come.
We can hope that positive developments will create real demand, but it will more likely create hype for speculative trading like it did in the past. 2021 market was full of hype about institutional adoption, and the price crashed after it. 2017 was the hype of blockchain revolution, and it crashed. 2013 was the hype of Bitcoin adoption and it crashed.
True, since Bitcoin become a speculative asset, store of value, it will create a lot of hype specially around the bull run. We just don't know what will be the hype next, in 2024-2025 wherein we expect that the price will hit at least 6 digits. I think it will be more likely driven by the Bitcoin ETF approval and so more money will flow again. But after that, go back to normal again.
In any case though, we have LN for smaller and faster transactions. But for the majority, what we wanted to see is that it be accepted universally, regardless if the mempool is clogged or not.