It would be for sure, but I think quite a big part of that $42 billion already has nothing to do with the movement, but with people wanting "easy & quick profits".
The new coin will rise over time like Bitcoin did and the sheep will join again.
This is of course if bitcoin will be centralized. And even if bitcoin was to be centralized, it'd still be a deflationary currency.
I don't necessarily care about the speculators, they knew the risks. I am worried about the entrepreneurs and visionaries that will lose their confidence and ambition if this thing is lost.
If it happens, it happens.
Just means it wasn't good enough.