Gaming Laptop vs PS5

Folks need your suggestions should I buy PS5 or gaming laptop(70k budget) what are your opinions

For me pros and cons are PS 5 requires whole setup (TV mainly separately), then subscriptions and the expensive games

Where as in gaming laptop it is compact and handy no setup required no need to buy the games mandatorly

Need your suggestions if you already own any of it also what gaming laptop should I buy if you’re suggesting it