That's the only reason Trump can win.
Simultaneously, Trump being his opponent is a big reason why Biden can still win.
I think Biden is ironically now probably one of the few Democrats that could lose, actually. Had, say, Michelle Obama had run this year, she'd have won in a landslide. I think even Hillary Clinton could've done a better job and actually beaten him this time. The nostalgia for the 90s is a lot stronger now than it was in 2016, even among Gen Z who wasn't even alive for most of it. I think the time is also more right for a female President.
Frankly, the idea should've been Biden wins in 2020. He presides over the end of Covid and is seen as a guy who stopped Trump in 2020. Legacy secure, he passes the ball to a younger and/or stronger Democrat with a stronger brand than him to win against Trump again in 2024.
Just curious though if you had to predict the election RN, what would you say your prediction is?