My music listening is very eratic. We have Spotify for family listening which is OK for daily stuff and frequent parties (easy play lists). I also have about 2Tb of MP3 ripped music (that I own) on my Synology NAS and lately I have started buying Hi Def Audio 24/96 and 24/192 FLACs for the stuff that I really care about. I have also started listening to my old CDs again and have started to re-rip them to FLAC. I am really torn over streaming services I love the convenience but I also still like owning physical media.
Streaming media is a dichotomy - its convenience is great BUT people seldom sit down and listen to an album any more, and because of that I think that I lot of great music is lost or overlooked. Once upon a time music had intrinsic value (you could hold it, you could trade it) and people valued it, because to listen to music required some degree of effort. Now music has almost zero intrinsic value, as you don't touch it, you cant trade it, and playing it is almost effortless. Combine this with low bit/sample rate rate highly compressed MP3s and crappy Beats headphones and there is a whole generation that has never heard Hi Fidelity music, which in my opinion devalues it further. Don't get me wrong, I am not some Luddite who wants to go back to the dark-ages of analogue only music played on gramophones, but at the same time, where movies gained from advances in technology, such as 1080p and 4k media and displays, I feel that the reverse has happened for music. We have gone from Hi-Fi systems (even midi systems) with separate components and full range speakers to mobile phones, crappy bass inducing headphones and tiny, tinny Blu-tooth speakers. Even with the rise of HQ Audio streaming services I guess much of this material will be consumed on some fairly low grade (audio) equipment. I think that for 95% of the population, hifi today equates to a £300 Apple Home Pod or a single £500 Sonos Play 5 (I will probably get some push back on these forums on these numbers, but that is because these forums are mainly made up of the remaining 5%, who do actually own HiFi). Sadly I dont think that the rise in HD streaming services will ever bring HiFi back to the masses, because although the media will be available (ish) the outlets that sell the equipment to play HiFi music have sadly disappeared from the high street and are now relegated to small specialist outlets very often in small towns, which are only visited by old-guys in cardigans (like me) who want or can afford to buy un-attractive boxes with odd sounding names. I know there are a couple of Retail Chains left that sell hifi equipment but they have their own problems (like not opening until 11am or not actually holding any stock in stores!).
At the end of all of this, streaming media is here to stay. How long physical media will be around, who knows. The future of hifi, well that is to be seen. Music has never been more accessible than it is today but was the trade-off of quantity of quality really worth it ?