More money toward better speakers or a better DAC?

Speakers need quality content to play.  Great recordings sound very good on low end speakers.  Crappy recordings sound bad from great speakers.  Seems focus is well served on improving quality of incoming sound.  The Dac is a huge part of the equation.  
Are we all ‘cheaping’ out by not spending more for a better dac? 
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I am looking at bda3 .  Saw a lot of HDMI ports and got concerned.  What are they all for? This seems heavily integrate and all that stuff inside may not bode well for internal noise.

dannad6 posts
09-16-2020 4:04pm
Mr Thyname,

djones51 may tolerate your childish name calling and baseless insults that are indicative of poor character. I will not. I suggest trolling elsewhere. Your posts reveal you don't have remotely the "cred" to be puffing your chest as such.

Mr. Dan / Mr. David / Mr. Robert / Mr. Whatever Name You Get After Getting Kicked Out: I don't give a flying ruck what you say.

Answer the question: why do you have to change the username and post here under different, several aliases ?
emergingsoul, outside high end audio, HDMI is ubiquitous. If you want to reach the masses (relatively) then HDMI is the way to go. Likely they have an integrated HMDI receiver chip that supports many ports, and HDMI would power down unused ports reducing noise. 
Intriguing to see HDMI ports on a dominant dac box.

what all can it do?  I like idea of sending Blu-ray’s thru a quality dac, what can it do for other HDMI sources like Apple TV box and cable box.  How far into avr domain is bad going?