Easily. Without a doubt.
I think the main problem is all of Microsofts game are far out. Well the big ones anyways. While Sony are dropping hits after hits (although they are cross gen). If Xbox have 3 must have games that in interested in (I'm not into Halo, Gears and Forza) then me who is a PS5 owner would be tempted grabbing an Xbox or a gaming PC. I think Starfield could potentially be the first game I'm interested but I'd need another 2 more must have games before I jump in. So I can see myself getting an Xbox around 2023-2024, hopefully by 2024 Series X Pro is announced so I'd just hold out for that or a gaming PC is cheap by then.