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In what way do you think Bitcoin adoption has increased? I still don't see it's use for transfers nor as a safe value store. It's used as an investment strategy, yes, but not based on any fundamentals apart from market sentiment.
I don't know if the value drop this time is permanent. What o know is that I don't foresee Bitcoin being a replacement for global currencies. I think the digital euro has more of a chance of that happening.
Bitcoins value increase from mining is what made it popular. That is no longer the case. The hope is that as mining ceases it becomes non inflationary as the number is finite.
That whole proposition is based on Bitcoin being the primary store of value. If the rest of the world continues to have currencies which are inflationary, then the price of Bitcoin will represent its value in dollar terms, as it does now. So as the dollar depreceates, the value of Bitcoin in dollar terms should rise. No different to how the equivalent euro or gold does now. So it's not a magical hedge.
LINK an exponential chart with a collection of surveys showing increased number of BTC owners at about 520,000,000.0 people in 2024 up from 390.0 in early 2009. If it were a linear chart it would probably look like an almost vertical line.
You can also purchase cards with which to buy stuff from stores from some exchanges and they convert to your currency of choice on credit, you can use BTC kiosks in most major cities, and you can use it directly at a variety of stores in several countries including Switzerland, Venezuela, and it was widespread in Zimbabwe until their central bank banned it.