The reason that BTC is so cheap and progresses so slowly is that people are only exponentially "getting it".
Well, from December to April, especially from February, the Chinese were exponentially "un-getting it"; and that was swamping any growth outside China. (They may have started "getting it" again now, we'll see...)
You don't really know that. For all any of us know, the Chinese, as a collective, may hold more coins now than they did before February.