For me there is way more benefits from having physical. I still have most of all my games I had growing up from the NES - PS5 era and can still play them on original hardware. I know it's not convenient or possible for most but this is a hobby I'm very passionate about so I make it my duty to organize, maintain and have storage available for them. If its something I didn't like or see the value in keeping then I sell it on the after market or give away to friends and family (Better then being tied to a digital store front!).
I personally don't like the all digital future and will always advocate for physical when a full build of the game is on cart/disk. That being said I don't have my head in the sand, I know where the future is going and will buy digital from time to time. For example for live service games I don't bother with physical media as those games are server based and will be useless in years to come (unless patched) or if I find a game dirt cheap on steam for $5. Personally I find managing a digital library on different store fronts much less convenient but sometimes the ease of use from booting one game to another is nice or the fact digital will not take up precious storage space on games I don't see of much value in.
Physical media will always be king/queen for me personally but having the choice of both physical and digital should never be taken away from us. The route Microsoft has been going with Xbox is concerning and for me personally makes me less likely to purchase games for that platform in favor of others.
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