There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.
Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.
They say poor people have bad debts and rich people have good debts.
One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.
Despite the volatility, our hope is that Bitcoin will appreciate in value.
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?
In regards to the question "would you classify borrowing money to invest in bitcoin as good debt or bad"... I would say a little bit of both. As there are so many risks involved, let's not forget the market volatility, that is at best one of the top concerns involved while investing in bitcoin.
Now in the hopes that Bitcoin will appreciate, it then turns out to be a good debt of one borrows money to invest in it. Some might also say playing it safe doesn't bring in any real cash. There's always a tendency for things to go south when it comes to investments regardless of where the investments are allocated. Bitcoin brings forth the possibilities of financial freedom but it also comes with a cost.