Is it smart to have a safe at home?

Could you elaborate on the pros and cons of having a safe in one's home, particularly in the context of cryptocurrency and financial security? On the one hand, a safe could provide an additional layer of protection for valuable assets like crypto wallets or hard copies of financial documents. However, are there any potential drawbacks to consider, such as the cost of installation and maintenance, or the risk of fire or flood damage? What factors should individuals weigh when deciding whether a home safe is a smart investment for their financial security?