Where is the best place to store IOTA?

Could you elaborate on the ideal location to securely store IOTA? With the growing popularity and complexities of cryptocurrencies, it's crucial to understand the nuances of each digital asset and its optimal storage solutions. IOTA, specifically, being a unique cryptocurrency with its own set of characteristics, begs the question: where is the safest and most convenient place to safeguard this investment? Is it in a hardware wallet? A cloud-based storage solution? Or perhaps a combination of both? Could you provide some insight into the pros and cons of each option, and ultimately guide us towards the best place to securely store IOTA?