This is one of those aspects of financial planning that a lot of people tend to overlook until they find themselves in a tight corner..  I feel like the beauty of having an emergency fund is that it gives you peace of mind, not just in terms of unexpected events but also in terms of how you relate with your investments..  Like you said, without it, there is always that temptation to liquidate assets at the wrong time simply because life decided to throw a curveball…. In fact, I would even argue that an emergency fund acts as a buffer of patience, it allows you to give your Bitcoin or any long term investment the time it truly needs to grow, without being dragged into a forced decision….  people once had solid portfolios but ended up cashing out in frustration, not because they did not believe in the investment, but because they did not have a backup plan for life’s shocks..

Another angle worth adding is that emergency funds don’t just secure your investments, they also protect your mindset..  for instant when you know you have a fallback, you approach Bitcoin investments, or even your business moves with a calmer outlook, and that calmness often leads to better decisions..  The second thing i would talk about is that an emergency fund doesn’t have to be something massive before it becomes useful. Even building it up gradually, with small consistent savings, can make a world of difference when an unexpected need arises..  That way, you are not breaking your long term goals just to handle short term problems..