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Digital. By far.
I have scans of a few paystubs that were eaten by silverfish. Those scans currently exist on five different computers and two phones, backed up to Dropbox such that they're always synchronized, with the past dozen versions of those files (should I choose to edit them) readily available to me on any device I can log into. Dropbox could be swallowed by the sun and those files would still exist on six sets of non-volatile flash memory and one spinning platter, the former of which will last theoretically forever the latter of which is as good as the bearing grease sealed in an argon environment. The silverfish damage, on the other hand, happened within six weeks.