A paper wallet can be password protected. Shamir's Secret Sharing can also be used with paper wallets. Practically everyone who messes around with serious amoun

A paper wallet can be password protected. Shamir's Secret Sharing can also be used with paper wallets. Practically everyone who messes around with serious amounts of crypto money has a more sophisticated setup than keeping it on a phone, even many people who only have a few hundred dollars worth have hardware wallets like a Trezor. Just because cases like the above happen doesn't mean they're the norm. Every once in a while you also read stories about someone leaving their suitcase full of cash on a train or such. But that doesn't mean the average cash user is that careless.