Agreed, this would seem like more of a novelty item for those who made a lot of gains in a short amount of time. Paper wallets are decent, I still love my Ledger and Trezor for cheap-ish hardware. I used to love Mycelium but over the past year there's been next to no support or meaningful updates. Had to stop using my hardware wallets with them on mobile because there was no support for segwit and my balances wouldn't load .
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Well, no updates are needed for an offline wallet if it has a user friendly interface but the segwit support is essential.
If you don't use mycelium what wallet do you use on your phone if any?
I actually really like Samourai wallet. They dev team has been really on top of everything. Segwit support plus a lot more. I made a video on that one for my channel a while back.