How do you figure the 1000 times cheaper?
Data storage today certainly isn't 1000 times cheaper than it was a decade ago, I'm not sure it's even 100 times cheaper.
For some reason you seem to believe that storage prices will remain the same while we double capacity every 12 months, that isn't even close to reality.
(Even if you've misapplied Moore's Law to flash storage, that predicts doubling every 2 years not every year.)