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??
Bitcoin investing has no age limit, as long as your grandfather still wants to invest there is nothing wrong here. But you need to tell your grandfather about the risks of investing in bitcoin, aside from price fluctuations. You should also tell him about risks, such as vulnerabilities when storing online wallets, as well as storing on centralized exchanges.