Is it smart to have a safe?

Given the current landscape of digital finance and cryptocurrencies, is it still a wise decision to maintain a physical safe in one's home or office? While digital wallets and secure online storage options have become increasingly prevalent, do traditional safes still offer a layer of security that cannot be replicated digitally? Are there specific items or documents that are better suited for physical storage in a safe, rather than digital alternatives? Or, is the modern trend towards digitization rendering physical safes obsolete?