The first thing I want to say is your friend's family is a toxic family. They force a family member to do something that he doesn't even want to do. Your friend is also weird to me, because he makes the easy thing difficult for himself. If it's about security, then there's nothing wrong with him diversifying his crypto assets to a new address at a certain value that he can still be comfortable with showing that value. His actions were like someone who owned 1,000,000 Bitcoins.