Getting a loan is sometimes inevitable as very few people have the money to pay for a house or a car with cash, however I do think that in this age people ask for loans for almost any reason and this is one of the reasons why they cannot escape the rat race, so avoiding loans as much as possible is a good thing and they should only be used when absolutely necessary, which is why I do not really like that people use leverage, which is nothing more but asking for a loan to buy more of the asset they want, as they are multiplying their risk many times over and this means they can lose a great deal of money if they make a single mistake when they trade, something that is quite common.
Maybe that is the definition of necessary or urgent for them. They take loans because they don't have any money in their pockets. They will then use the borrowed money on their risky crypto activities, while for us, urgent and necessary would mean that if we or the people we love are hospitalized and our own savings is not enough to support them.
I think this reason is more valid in my opinion, I support this more, than to the first scenario. Another thing that people can do to avoid taking loans is to be contended living on a much simpler life. They don't need to take a loan only to have a car or to have a good house because those things are not really that important.