No one will dispute that fact. Apparently, if fiat starts becoming useless and people start focusing more on the use of crypto, which should really have some effect on the monetary system. Nevertheless, unless the country is smart enough to look for some means of reviving it and maybe looking at integrating the blockchain system, then that would really be a crazy one.

Also, in totality, the drastic effect won't be that much at least for now pending when we really start seeing real life usage of bitcoin without having to convert to fiat and when higher percentage of the population have diverted to bitcoin.