The possibility is so low, it's best not to even hope for such a scenario. It means that a large percentage of the world's population would go bankrupt considering how much has been invested in it.
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That's true, i can't say it is really possible for the Bitcoin crypto currency to drop down to 1$ even if all the whales investor decided to withdraw all of their investment, it would definitely drop in value but wouldn't go back to 1$.Bitcoin actually has a very big future ahead of it but then if it is ever going to reach $1 then there is going to be general loss of hope and that is definitely going to be the end of anything cryptocurrency.