My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.
My only question to all, was I able to give my grandfather the right advice??
Now you have a responsibility to
keep him safe. The elderly are not generally technically well-versed. A lot of them are probably using old, outdated versions of windows...with who knows how many underlying infections just
waiting to syphon any value they possibly can.
You must absolutely help him increase his cybersecurity and ensure that his funds are safe...OR, make sure he is storing his coins offline using cold storage/paper wallet.
Protect his wealth. Don't let it get in the wrong hands.