If you were in his shoes, can you declare your crypto asset to your family? Or do you think he should have declared it to them after the extended family members must have left and even if he did, the information can still leak to the extended family and from there it can escalate to other people. What opinion do you have to give in this situation?
Firstly,I can inform my family members that I'm involved in cryptocurrency,but I won't disclose the details of my Bitcoin assets.Not living a luxurious lifestyle doesn't necessarily mean you're not earning a good income.For me,simply telling your relatives about your Bitcoin investment is sufficient.I see no need to hold a family meeting or provide proof.Interestingly, the proof you're providing is for your extended family,not even your immediate family.That's a pretty expensive joke.If I were in his shoes, a simple conversation with them would be convincing enough.The fact that their wealth is visible in their appearance doesn't necessarily mean they have a solid investment portfolio.As for me,I'm investing for the future.