Yes, encrypted (otherwise what’s the point? 😄). I’ll admit I haven’t tried the PGP version yet. How’s client support? For OMEMO it’s pretty lackluster, from what I’ve heard not much different for PGP?

In any case, perfect forward secrecy is definitely a good thing / strength, but I’d like a way to re-encrypt messages from an old device, just as an example, during the setup process; or a standardized way to export all history; or just something beyond “either use worse or no encryption, or loose access to your history eventually”.