Can you even find PS5?
Dunno, I looked into the newest console generation and just haven't seen any GAMES that make me want to move ahead yet. My XBOX One has done what I need. I do like that the controllers from the XBONE generation are compatible with the new XBOX Series S/X--Which becomes important when you drop some coin on a nice fight stick.
Then, I recently got an OLED Nintendo Switch
Several Switch exclusive games that I have been wanting to play. I know Nintendo tends to lag behind with the raw technical specs, but they make up for it with games that are actually different and FUN!