We don't see the figure very well, so we can only comment on what we do see. The figure seems to be all black. That could mean a person dressed in all black, or it could be a creature covered in dark hair. From the little we see, it seems to have the swinging arm motion and loping gait of the creature seen in the Patterson-Gimlin film. Then again, it certainly could be a person.
Or a hoax. The person who shot the video must have had awfully good eyesight to see the creature at the initial distance. It is only with the camera's zoom that we can see it is possibly something worth looking at. But we weren't there, so who knows?
Conclusion: Too far, too short, too fuzzy. Goes in the "Somewhat Interesting" file, but far from compelling.