Would it, though? That'll be the day the likes of us abandon bitcoin, but the masses don't care.
I don't believe that the referred masses use bitcoin in the first place. To me, only someone who owns their keys can be said to truly use bitcoin.
I don't believe that the masses control the world. Maybe they did once, but not anymore. Democracy is a failure. It's just the least worse regime comparably to the rest. Or as someone had once put it, "Democracy is the worst regime, except all the others". For it to function properly, it requires strong citizen maturity and character, and that is almost never the case. Granted. It is the closest thing we have to harmoniously live alongside and, by compromises, to maintain a healthy community. But it's self-destructive, just as humans. It is inevitable at some point that social institutions will corrupt, and the people will not just turn against the corrupted institution, but to the democratic system itself.
And that is why I like Bitcoin. It is not a democracy. It requires little effort to work; and works good. It is not controlled by the masses, but by neither a tyrant. It inherits the good virtues of democracy without incorporating the extensive effort and conditions it entails. You need Internet connection and a computer. Boom, money sent overseas secured by a mechanism which converts human greed to collective benefit. The bet is that this beautiful combo can overcome human corruption, or at the very least, navigate around it.
To not talk at length, only a fraction of the userbase is the driving force of Bitcoin. Genuine users who endorse the views of state-less money, accept bitcoin and spread the word, miners who secure the status quo, and technicians who write the code. Not weak hands. Neither regulators. It's just currently apparent that centralized entities like mining pools and exchanges are susceptible to censorship. We already acknowledge that since 2009. We move on.