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Well, l doubt that.
Backlink will always be a critical ranking factor.
Despite all the facts that google do not need to rely only on links anymore to understand and rank pages, which I agree, the most significant difference between backlink and other ranking factors is that "linking out" will actually harm you by driving your users away to other sources.
Let's suppose, even if link is officially not a ranking factor.
Nobody wants to link out anymore because it's doing you more harm than good.
And if nobody wants to link out, then nobody links to you either. There is no internet "web".
And suddenly google sees a site link out to others and think: wow this site really sacrifices its audience to link out to another site, that site must be good.
Then link will become a ranking factor again.
Other ranking factors may be all about how good your site is, but backlink is about driving your own audiences to another site to prove they can provide more valuable content which you cannot deliver.
But for sure the power of backlink will drop because it's way overrated.
Backlink will always be a critical ranking factor.
Despite all the facts that google do not need to rely only on links anymore to understand and rank pages, which I agree, the most significant difference between backlink and other ranking factors is that "linking out" will actually harm you by driving your users away to other sources.
Let's suppose, even if link is officially not a ranking factor.
Nobody wants to link out anymore because it's doing you more harm than good.
And if nobody wants to link out, then nobody links to you either. There is no internet "web".
And suddenly google sees a site link out to others and think: wow this site really sacrifices its audience to link out to another site, that site must be good.
Then link will become a ranking factor again.
Other ranking factors may be all about how good your site is, but backlink is about driving your own audiences to another site to prove they can provide more valuable content which you cannot deliver.
But for sure the power of backlink will drop because it's way overrated.