This is evergreen when talking about Hyperloop: http://www.cat-bus.com/2017/12/gadgetbahn/ The problems with building this have nothing to do with technology but with right-of-way, investment, and politics. If those factors were solved, we'd already have high-speed rail in places where Hyperloop has been proposed. The fact that we don't says that Hyperloop is unlikely to be feasible as well.
I disagree with your conclusion. Hyperloop technology is so lucrative that it might galvanize America to update its long distance transportation infrastructure in a way that bullet trains couldn't have.
Bullet trains:
- Popularized when a huge network of new highways and slow rail were already built in America
- Faced a suburban, car-loving culture
Hyperloop:
- 2-3x speed of bullet trains. Can change the way we perceive geographic distance.
- Popularized during an increasingly urban culture with crumbling highway and train infrastructure
- Cost isn't as much of a concern because a national hyperloop network would create a lot more value than a bullet train equivalent. If the government doesn't want to shoulder the full cost, companies gladly will (when the tech is ripe). I'm hoping for full government funding.