Unlikely. Good quality 'modern stuff' has far better quality than what was available back then. Power supplies have gotten much better (and have more protections), as did motherboards with solid state capacitors. Older motherboards loved their electrolytic capacitors.
Processors had less protections. Thermal monitoring was at its infancy.
Memory sticks back then were very unreliable. As were hard drives.
Then there's just a matter of age. If it has lasted 20 years, chances are it won't last much longer.
It has probably lasted 20 years because it wasn't being powered on and off constantly. It most likely had stable power sources and - most important - a climate controlled environment with low amounts of dust.