Look at it as enforced savings. You don't want to move your BTC to buy something since it costs so much in TX fess so you don't spend it. More for you later :-)
From a storage of value perspective yes but from an adoption perspective. No.Think about the services and online stores that make or accept payments in bitcoin. Prolonged high fees with get them thinking of alternatives.
Just to wrapped up the madness
You guys remember polygon? An Ethereum layer-2 project that was meant to be a solution to Ethereum's high fees?
Well, their gas fees spiked by 1,000% amid Ordinals-inspired token craze
