I do believe this is a very possible outcome. People will tend to go for commodities and or "commodity money" or whatever could preserve and save their labour over time. And this will be influenced also on how easy will be to access to these alternatives. The easier will be in the future to get some satoshi in exchange for fiat money the faster #bitcoin will have that black hole effect. Until that moment IMO dollar will still be the first choice in countries with an even hyperinflated and bankrupt currency, until the dollar milk shake effect will end.