This is actually a pretty bad argument. Bluetooth only goes 30 feet, so your connection would likewise only go… 30 feet. All of the things you can control on your smartphone can be controlled on the printer itself, so what’s the point?
Unless you are complaining that you can’t use the smartphone app, while at your own home on Wi-Fi, without connecting to the cloud. That is, I will just say right now, not how 90%+ of customers would expect an app to work. For most people, a smartphone app that only works at home is confusing and upsetting.
Finally, while it doesn’t work from the app, you can control those things and view footage using the Bambu Studio desktop app without a cloud connection, IIRC. You just need a PC, not a phone, though I would argue this makes sense as a fair trade-off considering the consumer demographics. A PC would be way more reliable anyway as your phone would be switching onto cell tower networks which obviously don’t have your printer on them.
Edit: Also, Bluetooth tops out under perfect conditions at 2.2 Megabits. Real world is far lower. You can’t reliably send a video stream over Bluetooth. Heck, Apple doesn’t even try to send a lossless audio stream over Bluetooth.