I just recently went digital on PS4/XB1. I fought it forever but it just doesn't make sense anymore. I sold all of my physical games and used the money to buy digital copies.
My logic was I liked owning the physical disc and years from now when the consoles are dead, I could still play those games. In reality, that's just not true. The PS4/XB1 are so dependent on internet that they are already almost digital consoles. Every game you get is pretty much a beta and requires day one patches and constant updates. Not to mention, every video game requires it to be fully installed from disc. The disc is only an installation disc at this point and then you have the inconvenience of having to put it in your system every time you want to play.
One issue I do still have is that console hardware changes. With PCs, I could buy a game on Steam and then over the next 10 years, build 10 different PCs all with radically different hardware and my game will transfer over and work. With consoles, my PS3 games don't work on my PS4. Imagine if I had to leave my old PC up and running to play certain games I bought on Steam with it. That's what consoles do.
I do think going forward though, consoles are going to be like Steam and the PS5 and XB will be fully backwards compatible with your digital games.
I still fully support physical movies (Blu-ray/4K UHD) because they aren't tied to a specific machine and plus, you are getting the best quality of the movie possible. With games, the digital and physical versions of games are exactly the same. Unless you have slow internet, restrictive bandwidth caps or like to sell games once you are done with them, I can't see a reason to stick with physical sadly.