I believe that DAC singularity point has been reached already.
I believe this not because i had much experience with high end dac or dac in general...
i believe it because i listen classical music and non amplified music and the timbre experience, the holographic 3_d soundfield i experience now with a low cost dac prove to me that Dac technology is mature... i dont partake ASR opinions about Dac... but they are not completely wrong either about dac... Amplifier is another matter...
I agree with @mahgister, including on his standard of comparison. Within the last 5 years the DAC industry seems to have fully matured so that digital is fully competitive with any other medium. It has taken over 40 years for this to happen. There are no trade secrets that would keep a great DAC from being made anywhere. In an analogous😀 way, analog reproduction has continued to progress well after its media production has basically ceased.
There is, though, a caveat that should be applied to this discussion. It is the the seeming equivalence made between price and quality. There are great values in some truly great DACs. IMO that is principally, but not exclusively, in DACs that are made in China. My own Chinese DAC has been called, by someone in the industry in Europa, a $10M DAC for $3M. I'm not here to sell any DACs and there are other Chinese DACs about which the same sort of claim can be made when comparing quality of internal parts and quality of manufacture to DACs coming from the US and Europe. China produces most of the DACs these days. Most of them are forgettable (except to the ASR crowd). But some are truly great.