Depends I suppose on what your assumptions are about Bitcoin and what you actually expected it to bring about.

For example, Bitcoin can still succeed in being a good store of value, but in doing so, can be used to back all of these stablecoin cbdc style currencies and create artificial demand for the dollar, and that conflicts with the idea that Bitcoin is going to bring down the banks and usher in a new monetary paradigm and lead to more financial freedom.

It all depends on what it is that you expect it to bring about.

Some people only care about making more fiat as a further example, and as long as number go up, they Bitcoin hasn't failed.