If the current situation persists for too long, then I believe yes... Bitcoin will be damaged, and the small Bitcoin holders will get out of the boat first, not before paying a premium for their transaction fee to fiat, of course.
I also agree because bitcoin transactions nowadays are like turtle. In the past it is good and don't have any iisue because it was only starting but many people have used it and many transactions each day was created. Bitcoin will die if this trasaction issues are not aolve in the past month or days. Many peopl right now suffer and will suffer in the future.