Not financial advice, but if it were, is this good financial advice for a friend?

You know it depends so much on your personal goals and how you like to diversify. Like I think right now there's an argument to have 1 to 5% of your wealth in bitcoin, because it's actually a hedge against other assets and also could go up a lot (10-100x tops).

And then you can say, on top of that or unrelatedly, do you want to take some portion of your wealth and put it into higher risk crypto assets? And then if so, do you want to maximize risk by buying 1, 2, or 3 tokens, or do you want to minimize the risk in that part of your portfolio by diversifying across 10 or 20 crypto tokens?