Comedic Tragedy story

So, around 2016 my cousin, a verified crypto dude, holding around 500 bitcoin at the time at a buy in price of like 450 a coin, was riding high on the, at the time, price of 10k. When it fell through 2018-2019 my father(Then, a regional sales advisor for Oracle, and an avid trader of mutual funds and tech stock), CONVINCED my cousin to liquidate everything and take his profit. My numbers could be off as I haven’t heard this story in a while, but my cousin still made off with a heft profit of about 1-200,000 USD when he sold. Fast forward to today, and the two of them no longer mention finances or investment advice in the other’s presence. End of story. The reasoning behind my dad’s anti crypto stance? During the WaMu collapse, he lost 1.4 milllion because his financial advisor told him to hold. 23 years of saving and investing wiped away overnight. He was worried my cousin would experience the same.

Fast forward back to today, my dad, via my aunt, paid off my cousins college tuition and helped him get a house in Arizona with very large downpayment to in a way apologize for the ill advice.