None of these things are mutually exclusive. Holding a large pile of any one country's fiat is probably the dumbest move. Ownership of physical assets that generate revenue is the smartest.
And to add: Your "hot wallet" being bank issued credit cards for everyday purchases or emergencies that you are prepared to lose/surrender the moment someone tells you to hand over your wallet.
Later log into the accounts, flip the toggle to stolen/lost and mark unauthorized purchases if there are any. Then sleep peacefully knowing new credit cards are in the mail and you are only out the cost of the physical wallet holding the cards that were stolen.