that's what this is. using the bitcoin as collateral, to borrow fiat. it's a synthetic buy.

you're saying like buy bitcoin on margin with an equity type broker / futures?

or literally bank borrow and go buy it?

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I understood it as: "Get a loan from your bank and buy BTC."

Literally borrow from bank and buy

That's your decision, more related to price and investing. It's certainly better than the alternatives like strike which are BTC->fiat spend

I'm trying to encourage people to not use fiat for everyday purchases, which is what these types of things become