The fact that the market cap is in the billions of dollars and the network can't even manage to confirm transactions after several hours is exactly the problem here. There is no advantage for the average person to use BTC over any other existing transfer service, especially without any protection/insurance of transactions.

Add increasing fees to the mix and what exactly is it that makes people value BTC? The fact that they want it to have value? Bitcoin is failing as a currency. In my opinion, Bitcoin is the most overhyped crypto token and it is extremely overvalued compared to how it actually performs

The speculation train will likely come to an end sooner rather than later. It offers nothing useful to anyone who has an actual need to make quick, cheap money transfers. Without BTC being able to do that, it has zero advantages over existing legacy transfer services or newer cryptocurrencies that can actually deliver on the speed, low costs (or free), and scalability.

If actual investors from outside of crypto ever look to get more heavily involved in cryptocurrencies and their blockchains, BTC will most likely not be where they go. (The Winklevoss ETF thing is actually quite laughable to me.)