How can you steal from a cold storage wallet? Common scenario is: private key on piece of paper or metal with private key etched and buried in a case underground. You do not know the location of where the private key is buried. You know the public key but how do you propose getting the private key, save some sort of quantum computing advancement (perhaps in next 5-10 years publicly, 5 years at a government level)? This is the safety of crypto.
Very few people keep actual cold wallets. Yes, they exist, and yes you can go to great lengths to be very cautious about your keys, but this is not the norm, nor should it be treated as such. Exchanges are the norm. Online wallets are the norm. Online password managers are the norm.
I only know one person who keeps a cold wallet, and he doesn't even care about crypto that much, he just sees it as an investment, even the crypto fanatics I know, and I know a lot, it's practically all they talk about and their crypto is all in exchanges. They're HODLers.
I'm not saying that it's a bad technology, I think it's interesting, but I also don't think it's healthy to obsess over it and act like it's the next best thing since sliced bread.