Vinyl is not about sound quality. People simply believe that - what they like - it also sounds good. It is somewhat simplified a kind of fetishism. It is about desire. And for musicians, it's a way to make some money. It's about being able to hold the vinyl, look at it, admire the envelope. Smell it. Vinyl is essentially a reaction to the fact that digital music is streamed today. Without streaming, no vinyl revival. If you want your music in a physical format, then most people probably feel that the CD is identical to what they stream anyway. Vinyl is different. Most vinyl buyers are not audiophiles. Most new vinyl enthusiasts have neither the money nor the interest in advanced and extremely expensive HiFi. (Really good new turntables are very expensive compared to a streamer and a DAC, although extreme premiums can be charged for the latter as well) They think vinyl is just plain fun but play their music on pretty crappy equipment. The real hi-fi geeks who spend big on turntables are middle-aged nerds with plenty of money.
This is mostly so. I think there are other considerations though: (1) lots of unusual, historic, and oddball stuff from around the world is only found on vinyl, particularly early classical from less well known artists, world/folk music, and spoken word; (2) used vinyl is often less costly (though buyer beware); (3) it's easier for middle-aged and older nerds to read librettos and liner notes in larger format; (4) album art was a thing for awhile and some of it's still interesting. Of course, none of this has anything to do with fildelity.
As Rudy Van Gelder is quoted, "The biggest distorter is the LP itself. I've made thousands of LP masters. I used to make 17 a day, with two lathes going simultaneously, and I'm glad to see the LP go. As far as I'm concerned, good riddance. It was a constant battle to try to make that music sound the way it should. It was never any good. And if people don't like what they hear in digital, they should blame the engineer who did it. Blame the mastering house. Blame the mixing engineer. That's why some digital recordings sound terrible, and I'm not denying that they do, but don't blame the medium."
Vinyl was a way of getting good music into the hands of the masses of us who could enjoy something that sounded "pretty good" for not too much cost. I still enjoy it as a fun way to explore sounds I might not be able to find elsewhere and let the pops and clicks fall where they may. Of course, most of the truly "great" music I listen to from Bach to the Beatles is digital.