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It's only an option, if you trust hetzner, since there no encryption whatsoever, it's just a managed nextcloud instance.

I have been banned from Hetzner multiple times now and believe me, nothing I was doing is even strange, let alone worthy of bans. I don't think an EU cloud can ever be trusted.

Regardless of any cloud:

I hope you have a proper backup strategy

Multiple local copies, a cloud copy, and an archive copy on a different provider.

Store a local copy offsite with a friends or relative you visit regularly(encrypted). One fire and all your local copies gone otherwise.

"Now that we know how you did it, we will raid you and get it. And we will use the $5 wrench to get the passwords from you" :)

Interesting that I got down voted for this