I really don't think so, but it will kill shitcoins, yeah. Some coins/tokens bring something new and innovative, and they will survive as well.
If you don't really trade then you have not experience the inverse ratio of bitcoins and altcoins. This has been historically done over and over the past years. When bitcoins go up all alts usually go down and die, well not die die. They just go really low and there would be anymore equality. People will see that prices of alts are so low and they will end up buying those back and bitcoins will also go down.