I don't think consoles will "die" soon. I think the market will change.
But what we can't deny is over the years, owning a PC became more and more comfortable in the meaning that, for me gaming is the games and 99.9% of games are now on PC.
Playing on Wii U, PS4, PS5, Xbox 360, PC, Switch, in 2024, all those systems are systems that gives you the opportunity to play games. Graphics are a thing, and they are still important, like other things in a game : music, art direction, character design, gameplay, game's length, etc. But not as important as they used to be. Well I'm digressing here.
What I mean is on a 400$ PC or a 3000$ PC you can play, at a very different settings for sure but you can play. I game since the late 80s / early 90s and back then SO much games were exclusives to every system. In fact Multiplatform games were not the norm, the norm were the exclusives. When you remember the Megadrive you remember Shining Force, Soleil (Crusader of Centy), Streets of Rage, Golden Axe, Sonic... The SNES you remember FFIV/V/VI, Chrono Trigger, Zelda LTTP, Mario World 1 & 2, etc.
And little by little exclusives are disappearing and it's true that if you play on PC, whatever it's a 400 or 3000 $/€ you can now play 100% of Xbox Games, all on day one, and little by little you can play the PS exclusives too, which was unthinkable, for many people, even 5 years ago. Little by little the PC became like the "central place" of gaming. Some games are Switch / PC only, some are Xbox / PC only, some are PS5 / PC only, etc and the common factor in all of this is : PC.
The Xbox is now fully day one on PC, the PS5 is little by little opening the gates to bring their games to PC (later and it is still not all the games but obviously it will be), only Nintendo is resisting but for how long ? Games cost more and more and making profit is then harder and harder, games are developed on PC so that's mostly easy to bring them on that platform.
I personally think that in the future exclusives will basically disappear. The cloud will get bigger and bigger (but it'll take a LONG time) and eventually you'll be able to play your PS / Xbox / Nintendo catalogue on the TV without needing a machine. But dedicated machines will still exist I think, like now you can still have a dedicated BR player, CD players, but sadly I think that a LOT of games will be available only on digital more and more and games releasing on disc/cartridge will become quite rare.
My conclusion is that the PC seems like the safe bet, PCs will likely always exists, whatever their forms, sure there are streaming PC services like Gforce now (only games) or Shadow PC (full PCs) but the machines will still exists and still with those "PCs in cloud" you're playing with your Steam games, EGS games, etc.