I'm a somewhat tech heavy guy (compiles my own kernel, uses online hosting, etc).
Reading your comment doesn't sound appealing at all. I do almost no cloud stuff. I don't know which provider to choose. I have to compare costs. How can I trust they won't peek at my data (no, a Privacy Policy is not enough - I'd need encryption with only me having the key). What do I do if they suddenly jack up the rates or go out of business? I suddenly need a backup strategy as well. And repeat the whole painful loop.
I'll lose a lot more time figuring this out than with a Mac Studio. I'll probably lose money too. I'll rent from one provider, get stuck, and having a busy life, sit on it a month or two before I find a fix (paying money for nothing). At least if I use the Mac Studio as my primary machine, I don't have to worry about money going to waste because I'm actually utilizing it.
And chances are, a lot of the data I'll use it with (e.g. mail) is sitting on the same machine anyway. Getting something on the cloud to work with it is yet-another-pain.