The language the OP uses is just wrong and actually shows that there are
people out there who are maybe a bit misled as to what bitcoin was created
to do, what it has morphed into and the general workings surrounding it.

As others have pointed out, there was and is no promise.
"How the people will have control of their money" well we all have control of
our own bitcoin regardless of its FIAT value.

I cannot see bitcoin going as low as $1000, the buy orders for cheap coins
would kick in long before it got that low.