1. Is Bitcoin Risky?: One major concern that holds me back is the perceived risk of Bitcoin. What if people invest and end up losing their hard-earned money?
How do you approach this aspect when talking about crypto?
Let me get straight to your questions without much ado.
Yes, Bitcoin is risky. But, you may first ask them that what doesn't consist of risks? Be it BSE, NSE, Gold purchase, or even a real estate. Nothing here is guaranteed, and Bitcoin being risky is because it comes from a highly different asset class, but it holds enough acquaintance among people and can easily be traded, even easier than stocks. Hassle-free. Show them the returns people have got, then talk to them about the mining aspect and then tell them about the current upcoming halving event and explain it to them. I'm sure they'll understand and invest something into BTC. One most important thing here, ask them to invest only what they can afford to lose.
2. Beating Inflation and Earning Profits: On the other hand, I also see the potential for people to beat inflation and make decent profits from cryptocurrencies.
So, should we consider discussing the financial benefits as well?
Definitely. It's better to keep both the sides in front of them, so it'll be easier for them to decide whether to go for it or not. There's nothing bad in telling everything to them, so that it becomes transparent to them and they get clear about this asset class.