Possible, more of investment diversion and embracing the losses to recover. Question is, would he be able to do that? 'coz it sounds like he's in huge loss already and moving to other asset would put him more to the edge. If he could wait longer, U think that would be the best option than to move to another one which also has no assurance of capital pullback.
But nobody is saying to pour all your savings into Bitcoin or maybe they are not? It would be madness. But the most ideal use case would be to convert a portion of your Fiat that you can afford into Bitcoin and of that portion it would be okay to use half for everyday payments and incentivize local use. Only then can you avoid Bitcoin pumps and dumps, because if there is more adoption then the price will start to stabilize.