Maybe, but more likely institutional money with its eyes on Bitcoin thinks Libra is 'good' for BTC, so the onslaught against it (which is understandable from a nervous established system) looks 'bad' for BTC in their eyes.  In fact Libra has little to do with Bitcoin, as Libra isn't really an investment, whereas Bitcoin patently is.

Decentralised hard money is where it's at, not a new corporate run money system based upon a stablecoin tethered to fiat.  What's the point: When the shit hits the fan, smart money wants hard money. Bitcoin is hard, uncensorable money.

It will win. Every. Fucking. Time.