Can i have both versions and play both?

I recently bought EA FC 24 and got both versions which are PS4 and PS5, can i have both versions downloaded on my console?because i have friends that play on ps4 but i also have friends on ps5 and want to play with them as well, does that mean i can have both versions downloaded and play which ever version i want depending on the friends i wanna play with?Also because i know that the PS5 version has the better engines and more realistic gameplay and i sometimes get bored of the PS4 version gameplay, so the overall question is…Can i have both versions downloaded and play both versions or which ever one when i desire?