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Most likely. It's his fault more than anything. He should've nipped that in the bud before it even happened, but he let it all fester and keep going. Then, he brought them all back without resolving anything.
Shit, I would even argue that he should've just taken advantage of having Cole, Danielson and Punk and all those eyes on him to have Danielson win the strap. That Hangman shit was barely on TV for most of its run and it's just the dumbass internet marks (who were always going to watch) cumming over that terrible storyline.