So if you want to emulate a CPU, you still need a real CPU that does the emulation, and the emulation will (usually) be slower than actually running the emulated CPU for real.
For example, you can emulate an Intel CPU on an Apple CPU (or vice versa), but that emulation may be slower than if you had a real Intel CPU (or real Apple CPU) in the first place.
In any case, you can’t emulate CPUs out of thin air, i.e. just with storage.