We are only approaching to the form which enthusiasts has wanted Bitcoin to be but does not mean we have reached that peak.
Moreover, Bitcoin continuing being decentralized would never reach that height enthusiasts has ever wished for and you are getting it all wrong.
There was a time when we all pray for Bitcoin to be accepted, to stop being attack by governments, and to reach new heights. Back then, we wanted:
1. Government to stop fighting Bitcoin: Today we have Bitcoin presidents (Bukele and Trump)
2. Bitcoin to be legalized: Today bitcoin is a legal tender in El Salvador.
3. Bitcoin to be recognize by institutions: Today, we have Bitcoin ETF and even USA is keeping Bitcoin reserve.
4. Bitcoin to reach new all time high → Now, Bitcoin have pass $100,000.
Donald Trump that was even came late to embrace the Bitcoin just recently with his political ambition after years he had criticized the ideal of Bitcoin as decentralized Blockchains and the Bukele whom I am just hearing the first time can not be a president of the decentralized finance as bitcoin because they did not start the Bitcoin investment, the did not invent bitcoin and they do not have the regulatory power to decide for bitcoin.
They can only manipulate the market by making purchase orders difficult for institution investors using the centralized exchanges. Moreover, it is not just of their power to act because every governments authorities do have their regulatory power over the decisions of using exchange for purchase of bitcoin.
There is no just a recognized individual as leader of the industry and not even Satoshi Nakamoto that is due and if there be, the DeFi will collapse over regulatory sentiments.
On the others hand, bitcoin still remains illegal in some countries and bitcoin gaining it value right from when it was first treaded at the value of $0.00099 per bitcoin up to the ATH of $109K has be in record performance which as a volatile currency was potential to the breakout of new ATHs.
So this doesn't mean we should not be worried anymore. We still wishes to see new ATHs as we anticipates this year bull run to reach $150K - $200K and still wishes for more adoptions so as to spread the wings to utilize the ethical uses of bitcoin such as the global acceptance of it for payments unlike that only few institutions are accepting it and the only accepted countries for it legal tender is El Salvador and Central Africa Republic which partially followed the suit. Every other countries that legalizes Bitcoin was out of friendly regulatory compliances of the governments which individuals are more concerned of it than the government.
OP be also aware that the Trumps proposal to hold it part of economy reserved funds on Bitcoin has not been effective yet while the value of Bitcoin the States (US) holds are acquired through seizures of victims illegal indulgences on Bitcoin and also recoveries.