In Ireland even a degree in CS from the worst school guarantees a base of education that has been reviewed and agreed upon. I'm unaware if the same vigilance has been applied in your own curriculum.
Also, please remember that degrees are necessary should one wish to migrate internationally in many situations so don't discount them out of hand.
Personally, I'd hire the person with the degree before any bootcamp on its own. That said, I believe that most degrees are useless without real world knowledge and application. I've hired 10 staff over the past 12 months from a variety of backgrounds, some with MSc level, others who have barely scraped through their B.Sc. Qualifications means competence at school, doesn't always equal to success in the software engineering field.