In this day and age we're quickly moving towards "password-less" authentication anyways. A pin code like you use on your ATM coupled with something only you would have access to (like your fingerprint on a reader, or a passkey on your personal device, or a facial recognition scan on a phone, etc...) multi-factor authentication.
The drawback is those require exposing what some people would rather not : Your face, your fingerprints, access to your personal devices, etc...
So it comes down to what level of trade off will you accept?