No, as we can all see, bitcoin continue to increase its value even after that. The reason is that, the value of bitcoin is only paired to USD but it is not necessarily mean that the value of bitcoin will always depend on the value of USD itself.
I think that almost anything that can be exchanged is tied to USD. The USD is a big and prestigious currency, while America is still at the top of the world, we still see USD everywhere.
At the moment everyone is seeing a very good price rise in bitcoin, many eyes on bitcoin and the crypto market. That bodes well for bitcoin and cryptocurrencies, I think bitcoin will continue to increase in price in the near term.