You need backups to survive a hard drive crash. But if you back up passwords.txt to Google Drive, Dropbox, or iCloud, you have now exported your unencrypted master key to the cloud. If your cloud account is phished, your passwords are gone. If a cloud employee has rogue access (rare, but possible), your data is exposed.
Most managers have a CSV import. Copy your password.txt into a spreadsheet (URL, Username, Password, Notes), save as CSV, and import. Delete the CSV immediately after. passwordtxt better
Open the file. If you see patterns like Netflix - same as email or Bankpw123 , you have a hygiene problem. You need backups to survive a hard drive crash