Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.
it not advising to invest even half of your emergency fund in bitcoin, because if you do you are investing wrongly. Emergency fund should only be use for emergencies unforeseen circumstances, and not to be invested in bitcoin.
if you invest your emergency fund in bitcoin it will endanger your bitcoin investment which will lead to selling off your bitcoin investment at early stage of accumulation, so the right way to invest in bitcoin is by investing only your discretionary income, I mean your leftover money after you must have settled your needs and expenses either for the week or for the month.
Can you deny that when your emergency fund is unused for a long time, you are not encouraged to invest in that fund?
I have seen many people who have been unused for a long time, they store their emergency fund in grains or other things with the intention of selling it later for some profit. They then think that if they keep their emergency fund in fiat, then the value of their fund will decrease due to inflation, rather than investing it with it. When they need money urgently, they can collect money from relatives or someone to meet the emergency need and later sell the invested fund to pay off the accumulated debt.
This is happening to all people except those who have a lot of money.
Ongoingly normies get themselves into trouble when they try to be smarter and keeping their emergency funds in forms that are other than cash. Sure, they may well consider themselves to be smarter than everyone else, but if they end up NOT being sufficiently liquid due to various unforeseen circumstances, then they might find themselves with no actual emergency funds that are liquid and they are then faced to sell some or all of their bitcoin, since bitcoin might be the ONLY liquid thing that they are actually holding. So there goes their being smarter than everyone else with their thoughts that they "need" their capital to be "working."
You are correct that rich folks can engage in the same level of stupidness and slopiness, yet within the definition of being rich, there are likely various assets to fall back upon, and sure, even though they screwed up, they still might not have to dip into their bitcoin or any other investment at a time that is not of their own choosing, and they might even have some rich parent, relative and/or friend bail them out of their $30k cash shortfall since they likely know that they are good for it... and a quickie $30k loan is not even that BIG of a deal for some rich persons.