The congestion has been going on for the last 2 months and we all know it is temporary, and it will not affect the growth of BTC in any way, we are just less than a year ahead of halvening so there is good chance that BTC price will be doubled, so the holders are going to keep HODLing it. In India particularly there is no business that accept Bitcoin for payments, there used to be one restaurant but RBI shadowbanned it they went off so that part we don't need to worry about it now and the crypto investors in India will come clean only if government comes up with fair tax rates or else they are going to keep losing millions in revenue.
I today saw a post on Reddit where some was trying to buy $40 worth of Bitcoin, fee for that transaction was $23. Transaction fees are crazy at the moment and the whole network is so congested that it cannot be described. I have never seen insane amount of Satoshi high priority transactions. Reminds of the time when Ethereum network was going through such a situation until they decided to shift from POW to POS. It will take a hit in adoption of Bitcoin in the long run if the situation remains the same for some more months.