Absolutely not. Bitcoin’s value increases because it’s a speculative asset and there’s almost zero reasons for it to go down since it’s not really tied to anything tangible.
Or... every reason?
Gold is a speculative asset that also has some limited tangible uses too. So does that mean gold has less reasons to decrease in price than an asset which only has tangible uses and no speculation?
BTC is a one way bet, right up to the point where people decide it isn't worth holding any more. Just like certain vintages of wine.
The fact that there is some small rate of losses doesn't significantly impact the amount of downside speculation you'd expect.