No, because to 90% of the population it is seen as nothing more than geek currency or used to fund drugs or terrorists. Banks dont accept it, stores don't. You can't walk into a department store and over crypto.
It's not "real" (ie physical) to most of the world so they don't "believe" in or trust it.
Crypto is something you need when your computer gets ransomware. It's something that criminals use but "normal" people don't
Governments treat is as a disease unless they can tax or confiscate it.
It gets hacked more than paper money.
The media continues to perpetuate these beliefs and does nothing to assist in adoption or to convince people that crypto is real and useful
Until the perception of crypto changes that it is for the masses, is safe, quick, and easy to use and understand as pulling out cash or credit card, it will never be a threat to FIAT no matter how much the crypto world wants to believe it will be,