Yep, anything is possible. Who knows, a new, move efficient method may be developed. Or, a ZZ user or a Roux user may get a record and that could completely change the way people see other methods.
Edit: I just noticed that Max Park beat this at home by almost a third of a second just a little more than a month ago, according to his PB spreadsheet. Max is certainly capable of matching his home results in competition, so it's just a matter of him getting a lucky solve for him to beat this in competition. And there are certainly several other cubers capable of similar things, I'm sure.