Agree.

But I think it will depend on one’s own liquidity and level of CGT liability and if you really need the fiat/your individual circumstances.

Sell your bitcoin for fiat at 24% CGT (and your bitcoin has gone)

VS

A backed loan at around 11% and your bitcoin is still there (accruing) albeit in the hands of someone else.

Neither is good.

And I despise all forms of debt, so not for me.

Bitcoin as legal tender/currency (no CGT) for buying all things is the way.