My physical media collection was in the basement level of a house which flooded in Hurricane Sandy. All vinyl lost. CD paper and booklets destroyed. The disks themselves survived, just needed a good cleaning. So I put them in large sleeve folios. Those folios don’t take up much room, and the media are all still there if I ever want.
Pure streaming from 3rd party services isn’t an option for me personally. I listen to too much old, obscure, and international stuff which doesn’t exist on Tidal, and never will.
I’ve been thinking about a way to put media files on Amazon Drive or S3, and put together an iOS app that can stream them (maybe something like that already exists). Then connect an iPad to a DAC. Seems more elegant and future-proof to me than buying an expensive dedicated streamer box which will become obsolete when Tidal goes out of business.