Most likely it would not, as gold was only susceptible to fiat because of the lack of ability to settle quickly across borders. Fiat currency stepped in to fill that gap, which in turn ended up being concentrated with custodians who were forced to relinquish it (as it is easier to enforce the law on a few entities).

Coming to #Bitcoin, its capability for instant settlement solves the above issue immediately.

Once the volatility subsides, the use case for #Bitcoin as a medium of exchange will fully emerge. Currently, this is being observed in countries experiencing double to triple-digit inflation. The Lightning Network conducts transactions at volumes 10 times greater than what was possible just a few years ago, despite the capacity being the same. 

Maybe in another 10-15 years, it might become commonplace for #Bitcoin payments to be accepted as an alternative payment method alongside the dollar.