Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
Not at all, you are not wrong in advising your friend to start a Bitcoin investment with the company money that is the bank. But in this case, according to the way you summarized it, I don't think your friend sought any advice from you, he only talked about the company money that is the bank, I am not sure if he asked you, where and what to do with the money that can bring profit to the company. To be honest, that is why risky things, don't tell them if they didn't ask, and don't advise them when you are not asking for it. For example, now that you advised your friend to invest in Bitcoin, he accepts the advice you gave him, did you think he would not show any kind of reaction towards you if the Bitcoin crashed? You have to wait for someone to decide what they can do before you can advise them.
However, we are talking about family company here, his dad is still alive, and your friend may not have the right to control the family money. In a situation where the company needs the money to use on something that can bring benefit to the company, did you expect him to tell the company that he has invested the money in Bitcoin? The family may even think that he has used the money on other things, you may even get yourself into trouble if they find out you are a person who advised him to purchase Bitcoin with company money. If your friend considers your suggestion as the best option, I believe he should inform his family about his decision and the risk involved in Bitcoin, they should not accuse you of being a scam if the price drops.