to be fair cloud is (on the whole) about 5x the price compared to bare metal. Depending on several factors which make it really hard to compare (apples to oranges and all that).
For my use-case, which does not require HA, is relatively B/W intensive etc; K8S on bare metal can be 11x cheaper (with the same amount of hands-off, click to deploy, no messing around) as GCP.
So, fundamentally, there can be enormous gains w.r.t price vs cloud, 80% cost reduction leaves an infinitesimally small margin though; if they really are providing all the same benefits as a public cloud.
For my use-case, which does not require HA, is relatively B/W intensive etc; K8S on bare metal can be 11x cheaper (with the same amount of hands-off, click to deploy, no messing around) as GCP.
So, fundamentally, there can be enormous gains w.r.t price vs cloud, 80% cost reduction leaves an infinitesimally small margin though; if they really are providing all the same benefits as a public cloud.