Yes, the collapse of fiat currency would cause enormous suffering for most of humanity which is why I'm so against the rich bitcoiners who are rooting for this tragic outcome. It's a cancer on society.
The cancer on society is the US public debt which went from $33 trillion to $34 trillion in 100 days. It's similar in the EU.
Nothing good is going to come out of this and it's has nothing to do with Bitcoin.