Yes, it's possible, but not likely. There's a ton of infrastructure behind bitcoin. Tons of news coverage. Tons of debate. Nobody is aware of the second biggest coin - litecoin.
IT will always be well - I'm talking about people who put their savings into vaporware stocks. I'm not sure why everybody is giving Tulip Mania as an example when DotCom is away more similar to Bitcoin. I even thought about a version of Bitcoin, which is based on stock. You create a vaporware corporation and use its stocks as a currency, well, commodity. :)