The advantage to cloud storage is if something happens to your house (fire, flood, earthquake, storm, etc.) the cloud data is still there. Anything you keep in the house is only as safe as the house is.
I use three clouds, Amazon's, Google's, and Microsoft's. Barring a nuclear attack, my data should survive somewhere. Microsofts, comes with my 365 subscription. Amazon's with my Prime. I pay Google $1.99 a month for theirs.
Fly!!! Eagles!!! Fly!!!