Why would you go through the rigamorole of encrypting something if it can be undone with a text message? If you want to store Bitcoin, use (in order of prefere

Why would you go through the rigamorole of encrypting something if it can be undone with a text message? If you want to store Bitcoin, use (in order of preference) a reasonably secure computer (not an obviously poorly secured windows machine), a secure cell phone (not a $50 backdoored Chinese android phone), or a hardware wallet. Don't use cloud services, web wallets, or anything else that very obviously sucks from a security perspective. I would be more than willing to trust, say, $50,000 in Bitcoin to an iPhone with a good passcode, running an SPV wallet. Above that and you probably ought to put in the modest investment for a hardware solution.