Only somebody without a clear brain would conduct such an action. Let's face it, putting all your savings into something that risky is just not that smart.
I can only hope that nobody will do such a thing. Because when it comes to investing it is important to don't put all your eggs in 1 basket. Diversify your investment between; several types of investments; like crypto, real estate, bonds and stocks.
Yes, we must diversify all our funds on many investments and dont put it all in one because if they fail or collapse for sure you would have a hard time on recovering. Its too risky too put up all your assets on bitcoin which we wont even know how it would go in the future . It may succeed and last long or die.