Nah. Except for a tiny minority of true believers, Bitcoin is just a trading vehicle. The line goes up or down. Traders win or lose. Faith in fiat currency or lack thereof doesn't enter into it. Don't believe the hype.
To the extent there is any real value it's primarily a means for wealthy Chinese to evade currency controls.
When you state "Fiat" currency, you are probably referring to USD or Euros. Fiat currency in other countries like Venezuella or Turkey has much different status.
Do you have any proof that Bitcoin's value is driven by wealthy Chinese who are evading currency controls?
if wealthy chinese did use to evade currency controls, it sure is trackable with all those YKC rules, not to mention a completely open ledger. China could easily find anyone who did that. Fiat is much better for evading currency controls.
so, if you had money/life savings where would you put it?
To the extent there is any real value it's primarily a means for wealthy Chinese to evade currency controls.