Should you have more than one Crypto Wallet?

Should an individual considering investing in cryptocurrency consider having more than one crypto wallet? On one hand, having multiple wallets could offer added security by segregating funds and reducing the risk of a single point of failure. On the other hand, managing multiple wallets can be time-consuming and potentially confusing, especially for those new to the crypto space. What are the key factors to consider when deciding whether to have multiple crypto wallets? How do the benefits and drawbacks compare, and which types of investors might benefit the most from diversifying their wallet holdings?