When people are curious, as they often are, why I distrust hardware solutions for bitcoin, and only want to use cryptographic defenses (i.e. mathematics in software), I will in future point them to the subsection "A $325 million Treasure Hunt" in this article:

WIRED
They Cracked the Code to a Locked USB Drive Worth $235 Million in Bitcoin. Then It Got Weird
Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if they can get...