Eventually (I predict 2-5 years from now) GamePass will get significantly more expensive, none of this convert for $1 shit. Once they've locked in bigger numbers of subscribers and need to prove to shareholders that they can continue to monetize and profit as growth slows and quality of the service goes down (see Disney+, Netflix, Amazon Prime, hell points to everything). Then everyone who was on the GamePass bandwagon exclusively will realize they own zero current-get console games and will be forced to keep paying the ever-increasing price to keep access to their ever-shrinking library of digital games that they don't own. The only factor that can keep pressure against this happening in this way or order of events is if Sony or the others create a competent service compared to GamePass in similar pricing structure, but they haven't, so for the time being, I keep my prediction.
I do subscribe to GamePass but I honestly have no need for such a large library of games I don't even really have guaranteed access to in the next few months. I still prefer to buy my games outright, especially at discount, and keep it as long as I need to. I just probably, like a hypocrite, have bought into the value lie that GamePass is giving me what I'm paying it for right now. But the value of GamePass comes from being able to beat, complete, and disengage from dozens of games a year, and I honestly don't do that anymore, the time just isn't there. So for as much as people parrot how "great" objectively of a value GamePass is, time also has value, and if you don't have the time to engorge upon several games at launch every year, and since you don't get to KEEP any of these games, for some people, the value is more like pissing your money away, particularly as the subscription price will increase once they've locked enough of us "in" to let our credit cards auto-charge every month or year.