Yeah, sure. With 1 MB blocks ? Bitcoin is not ready for prime time (yet).
For scalability, it doesn't matter if the collapse happened tomorrow, there's such a thing called off-chain transactions. Bitcoin would just be integrated with things like the debit card system with the quickness, then a year or two down the road, things like the Lightning Network, Bitcoin-NG, etc, would solve the rest of those problems where off-chain transactions aren't needed.