The only advantage of a hardware device is that it supports multiple coins
There are hardware wallets that are supporting bitcoin only. Even you can get Trezor Safe 3 and 5 that are only supporting bitcoin. Also hardware wallet like Foundation Passport which is airgapped is only supporting bitcoin. There are many of them like that. I think what you mean is that you can use opened source hardware wallet like Trezor which supports altcoins, unlike those altcoins online wallets that are mostly close source.