That's insane, I get approached by these kind of people presenting themselves as financial gurus, my response to them is I am in crypto and happy with what am doing. It is sad some people just want to extort from others with the knowledge they have instead of teaching and empowering others.
Good luck to your buddy hopefully he doesn't come crying you one of these days when his expectations are not met.
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I told him it was a bad idea, but he has money to blow and will probably do it anyways. We shall see.