Since the introduction of Universal Clipboard on Apple's operating systems, I've found myself increasingly relying on it to paste passwords and authentication codes from my MacBook to my iPhone and vice-versa. I use a password manager, and on my work laptop, which is connected to my iCloud but doesn't have the same password manager installed, I often find myself copying the password on the iPhone and pasting it on the MacBook. In the case of two-factor authentication codes, the need is even bigger becasue I only have Google Authenticator on my iPhone.
Is it secure to do paste passwords using the Universal Clipboard (via Bluetooth, essentially) between an iPhone and a Mac or vice-versa?