That’s awfully pessimistic, considering we’ve almost completely transitioned to pure digital “cloud” formats already – versus the archaic physical reel to reel tapes, punchcards, floppy discs, CD, DVD, etcetera.
Any physical format is much harder to recover over time simply because the physical equipment is lost, degrades, becomes unreliable. But once you move media to pure, pristine 1s and 0s, the world of bits is much more forgiving to conversions.