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??
The good thing you have done by not just telling the benefits of investing in Bitcoin but also the risks and advising your grandfather not to put all the money in one basket, but if your grandfather is rich enough to advise him to invest in bitcoin is not too important because buying Bitcoin will be better to hold it in a long period so it could be that your grandfather will not enjoy the investment but his descendants will enjoy it