I think it's foolhardy to say that interest in vinyl has peaked, when it is still a niche market. In other words, the turntable owning group is a small minority of music buyers (which is itself becoming a small minority), and so the growth potential for vinyl is enormous. I suspect that as digital downloads become the norm, the horrible sound quality of them will drive more of the younger kids to vinyl. I have seen this in my own experience. In my family, the church I attend, and the college at which I work, I know several 18-22 yr olds who have just acquired turntables (some as gifts from me) and love the sound. They haven't given up their silly smart phones and I-whatevers, of course, but the interest is there and seems to me to be growing. Let's not forget that more and more young people are being created every day.
So, if the older audiophiles want to switch to digital, more power to them. If changing a record is too much of a pain in the ass, then by all means, go running to your DACs and FLACs and Spotify or whatever the new fad may be. Just be aware that when those technologies become obsolete in a few years, you may start to miss your vinyl again.
You're mistaken about the obvious sound quality issues of digital downloads. Gone are the days when you were stuck with low bit rate MP3s. Even the streaming services sound decent enough now, especially Mog, and high-resolution downloads can sound absolutely fantastic. Its not that running to the TT is such a pain in the ass, its that to me at least, its that the added work no longer has any obvious reward, and its just becoming a needless ritual when I get the same or better sound quality elsewhere.
I'm not ditching my turntable and I'm not selling my records. But I'm also not buying a new turntable, and I've decided to stop buying vinyl this year for the most part. I just don't listen to it as much as I used to.
