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 agree with you
If the current bitcoin market situation continues in a long time then I am also worried that the BTC market will disappear or maybe people who have BTC that many of them will hold a trade monopoly BTC
Everyone understand that it is not going to happen with bitcoin to die but it is reality that up and down in the price of currency and even in goods is a part of market. I think it is propaganda against bitcoin that bitcoin is going to split and its price will come down drastically and soon it will fail in the market being a currency. I am seeing bitcoin is the king currency in future.