This is not true maybe is based on your own understanding, accepting that Bitcoin is not risk free is supposed to make any one make good investment decisions and manage their risk, there is no investment that is risk free in the world including Bitcoin investment, I don't see any wrong talking about it as not a risk free investment.
It's obvious that there are some level of risk in any investment including bitcoin investment but the question we should be asking is, is the risk worth emphasizing on that much? Compared to other projects like shitcoins or altcoins, bitcoin is considered less risky, besides the risk we are talking about is volatility of the market which barely affects long-term investors. If anyone is over emphasizing on bitcoin risk then it obvious he's talking from a short term trading perspective, take for instance. Those who started their bitcoin accumulation journey around 2023 like myself
Let's say we bought around June and what ever we accumulated in 2023 should be experiencing a 3x which is 300% + right now irrespective of the recent dump from the ATH we still sure are in profits, but a trader who had FOMO and bought at $109 and thought we are already in the bullrun should be in loss right now, and if such person isn't patient and bitcoin dumps a little further they may end up selling off their holdings. However this is just a 2 years difference and we are experiencing a 300% increase how much more if you hold for probably 2 or more cycles? So you see the reason why risk of volatility isn't much our problem as long term investors, because even at small dumps we are still in profit irrespective of our continues accumulation.