20-22 bits of distortion free range
I am curious when will we be able to listen to 24 Hi-res music? Will it be possible in the near future?
No, because there's no ADC in the world that can capture more than around 21 bits of audio. The noise created from the cosmic background radiation affecting the actual circuitry is around -123 dB or so, and 24 bits goes down to about -144.
To be frank, though, 16 bit audio encompasses the entire audible dynamic range, you can get down to like -120 dB with shaped dither on 16 bit sound.