Is upgrading/build a PC pointless atm?

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just had this conversation with my friend online, and it’s given me some food for thought.

We both have dated, but fully functional gaming PC’s. More than capable of playing anything at 60hz 1080p (for reference, I’m using a i7-4790, 1070ti, 8gb 1600hz RAM)

We set looking at benchmarks and prices on components to upgrade/build a new rig to keep up with consoles, but the Xbox series X Looks like it’s going to blow our builds away. Also the rumoured price of the series X is around £500, which historically for a new console seems about right. To build a comparable PC from scratch will cost about £1000, if not more.

I’m well are this dilemma comes with pretty much every console generation, but with the spirally cost of PC hardware, most notably the middle/high end GPU’s is building/upgrading a PC even worth it right now?

Thanks for reading my ramblings
 
I'd suggest that if you are ONLY playing games, get a console. If you want to do other stuff too, get a pc.
I’m too financially invest in PC, over the 10 years or so I’ve been gaming on PC I have amassed quite a large library over a variety of stores, plus I enjoy games that aren’t on console including PCVR games. Despite all I use my PC is gaming, PC is where I’ll stay, but the state of hardware available and prices is pretty grim, to say the least
 
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