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.

No, I think it is not our job to advise people since we don't run a company that deals with such a matter.  We can only give suggestions because there might be instances that we might fell short of knowledge and things won't go as we advised so it is much better to be on the safer side and take on a lighter position by suggesting not advising people on what to do.

Still, it is risky if they are new people who are in the business world because they only inherited the company that was previously managed by their parents and changed the initial flow by switching directly to Crypto, of course it is a choice that can be wrong especially we don't know what the financial condition is like.

The situation that occurs is that we have to target that the financial scheme for the company must be a little difficult if we immediately force it to switch to bitcoin, especially if we only look at the microstrategy as a benchmark because after all it is too far away because the fact is that deciding it is not only us who take a role because of the fact that we also have to see other opinions that do exist in the company so it is impossible for us to decide unilaterally about big decisions like this because of course we realize that this decision determines the company's future so that we are aware that this decision is not only for the company but also for the company. determine the company in the future so we must consider further whether moving company funds to bitcoin in order to follow the microstrategy is a good condition or will actually create a polemic with other shareholders because in the end the results of all decisions certainly have consequences so don't just see that bitcoin can be profitable about the future but whether our company will survive or not if it uses the same options as the microstrategy later.

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.

You can advise what you think is right but what you've advised for most was actually wrong. Don't do that. Don't compare any company to a bigger one if it's about their money or funds, it may sound brilliant and fun but it takes a lot of the company's effort and resources for them to invest. So, just don't do that if it's taking your friend the money of your company and you want him to bet for something that he might never know. And that's why I won't say like that to any friend that has a big company obligation.

And I'm sure your friend is not someone who is capable of running a company independently and if he insists on managing it, his father's company will become even more chaotic. It is not easy to develop a company and if someone does not have experience then he should look for other ways.

Your advice is very risky and we never know how the company's finances are, so when he invests money the impact he receives will be much different. Comparing MicroStrategy with his father's company is completely irrelevant and we don't know how the company moves to fund employees, office needs or other unexpected costs.

Your advice is not wrong, but it is much riskier to do, especially if your friend doesn't know about investing. Giving this kind of advice can be dangerous for you because if he loses a lot of money while investing then you are the one who will be blamed.

You can advise what you think is right but what you've advised for most was actually wrong. Don't do that. Don't compare any company to a bigger one if it's about their money or funds, it may sound brilliant and fun but it takes a lot of the company's effort and resources for them to invest. So, just don't do that if it's taking your friend the money of your company and you want him to bet for something that he might never know. And that's why I won't say like that to any friend that has a big company obligation.

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.