Implementing Crypto as Emergency Fund Savings

[Suba]

Generally, after emergency funds are collected, people will allocate them to conventional investment instruments, but it just occurred to me that we can also allocate emergency fund savings to crypto such as stablecoins and Bitcoin. My experience in cashing out crypto to fiat money from the exchange is less than 30 minutes, the most important thing is that we have a KYC verified exchange account. So for example, if you have an emergency fund savings of $10k, we can allocate 60% to stablecoins and 40% to Bitcoin. What do you think?

 

[King Belieal]

Crypto is much liquid and can be a good way to keep your emergency funds. I would even prefer to keep all crypto savings designated as emergency funds in USDT.

 

[Nomad]

What if the market goes down when you are in a situation to use your emergency funds? I do not think this is a safe option

 

[riberet19]

It is risky to have crypto in your emergency fund, unless the crypto you are going to use are stablecoins, it is better to have your emergency fund in fiat.