It's no bad decision if borrowing cash both in fiat, in the cryptocurrency sphere and also for gambling,I see nothing bad with such, like I could attest to the fact that I borrowed some amount of money to gamble, strictly football gambling and I wasn't able to pay back in the first two months.
It might work for you, but not for all, at last I got to pay after too many loss.
What I think is demanded is a good mindset, a change of your old mindset, not everyone will want to take this risk, not even the poor nor rich.
A good plan, strategies and taking calculated risks matters.