There's something odd about this that might raise many questions. I mean, you said your friend had just gotten into Bitcoin, and what's on his mind is how his portfolio could have changed so drastically so quickly. Did your friend trade Bitcoin, or did he buy a large amount during a bear market and make a substantial profit? He assumed his assets would cover all his future needs and responsibilities.
However, this isn't impossible if you contribute effectively to the market. Indeed, many people's lives have changed when they understand crypto, investing, and Bitcoin. This incident seems to be a great motivation and has good potential for all traders and investors.