What do you mean by meet daily needs?
Do you mean you want to invest in Bitcoin and then have it generate income for you? Very difficult to do.
If you bought in 2015 at $200 you could of made good money. But buying at $20000? How high can it go. Maybe 3x or 5x. But you wont get rich off it.
That ship has sailed.
I think by "meet daily needs" he meant earn passive income daily or so.
@OP best to tell your friend it will be difficult for him to invest in btc short term and earn daily income from it, even if he engages in btc staking from one of the centralized exchanges, he needs a good amount to invest before he can earn any reasonable daily income. However, if his daily spending is not so big, maybe he can manage with a small investment.