Universal wallets, is it a good idea?

[wallets.com]

Universal wallet for crypto is probably something very needed. The idea to store every coin in one single place and easily use it to trade, send & receive various coins is very tempting for us. But this also comes with the risks – if you lose your wallet or it gets hacked or stolen in some way you may lose all the coins in it, and the actual protection of the whole wallet is very difficult to achieve due to the numerous failure points that comes with each different coin. What do you guys think? Do you agree with our view?