I just moved a small amount of money from my hot wallet, and I casually debated again: should I switch to hardware, use multi-signature, or go for social recovery? Honestly, it depends on whether you "can sleep well at night." For amounts in the thousands or ten-thousands, I prefer just a hardware wallet, since the operational cost is lower, and losing the seed phrase is just like paying tuition... But if losing the assets would affect your mood for several months, multi-signature is really more reassuring, even if it makes signing each time a bit more troublesome.

I think social recovery is suitable for people who are worried about accidental slips or losing their keys, but you need to choose trustworthy people. Otherwise, it might turn into a heated debate over TPS and subsidies like those on Layer 2 solutions, and in the end, the wallet could get compromised first.
Anyway, right now I’m focusing on preserving small wins that I can slowly accumulate, and avoiding a single accident that could wipe everything out.