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?
OP, as far as I know, a debt is a debt, and it would still be whether it is a good debt or a bad debt. As you have said, a loan that does not generate income to me seems like a waste of resources because it is expected that debts are to be serviced, and this means that such a loan must have been able to generate many returns so as to service it properly.You talked about bitcoin and why you should not get a loan to invest in it. I believe you should have had knowledge of the volatility of bitcoin and as such, one is not advised to get a loan for bitcoin investment and also should know that investing in bitcoin with loan is highly risky and not advisable to do because the bitcoin market has no control and can swing to any direction at any time.