to be honest, having some fiat to spend on his grandkids isn't a bad thing and if he's planning on saving up and doing a big btc buy , that's also not terrible IMO
trying to time a bear market is stupid, sure, better to just get in now or dca, but if he has a tradfi mindset, it's not surprising.
i mean, it's not like he;s aping into dodge or has become a solana maxi or something