Considering the digital realm is expanding and growing at a rate far exceeding the physical, I would say the dependence is waning.
Only one of the two is at risk of becoming obsolete or redundant with one technological or otherwise world wide development, all those electrons aren't digital, what is digital outside the physical remains like all such only an ideation.
There were a lot of things that one excited as atoms that are now in the realm of bits so this statement is not true.
Music use to be on plastic discs. So were video. Not they are streamed. That not only eliminated the discs, it also took out the stores that sold or rented them.
Cryptocurrency and other FinTech products are in the process of eliminating bank branches.
What about wireless? We use to run cables all throughout offices and homes for our internet and communication services. Now, not so much.
This is a trend that is continuing. More of the world of electrons is ending up as bits.
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