This isn't just theory either, for example: Revolut is a bank that does all its event persistence and streaming on top of postgres. No traditional message queues/brokers in their stack. https://medium.com/revolut/recording-more-events-but-where-w...
It's easy to use Postgres poorly in ways that result in painful centralized bottlenecks.
(Obviously this is largely true for anything, but I think that in 2026, where there's also a lot of more-specialized/less-fleible but much-easier-to-scale well-supported mature alternatives, you should be VERY wary of making everything have a single central SPOF. What are your users going to expect in terms of maintenance windows, etc.)
I'd be cautious with articles that say things like "All cloud providers allow you to run (and scale!) PostgreSQL by clicking a single button." with no mention of how long that will take and what options should be set to make it faster, or the costs of those things.