Technically this applies to any blockchain, but Monero stood out because it's famous for low fees.
What happens if it becomes cheaper to store data on the Monero blockchain than it is to store it on a cloud storage service? After all, storing data on cloud storage costs you monthly, but storing data on a blockchain is a one-time fee for forever storage, ultra-redundantly backed up around the world.
Is this something that could realistically ever happen? Why or why not? Would it represent a threat of blockchain bloat as tons of people start using the chain to store backups of random data?
I'm leaning towards the mindset that traditional cloud storage providers will always be cheaper, but I can't come up with a reason why this must necessarily be true.