Yeah probably. But isn't it weird how the people who believe Bitcoin is the most pristine collateral of the universe also don't mind to lose custody of it for half the value in fiat? Weird terms to accept imo.
Discussion
Not really if it's a small enough portion of your Bitcoin. It's just another tradeoff. It isn't something I've used, but if I did it would be no more than like 5-10% of my stack. Probably 5 or under.
What I would probably do for something like a car or house is do a traditional fiat loan and setup bill pay to something like Strike that reverse DCAs (I lack a better term) to pay the loan monthly. That way I keep the 2x Bitcoin and take advantage of a devalued loan over time. But this only works because I have income. I guess it would be different if retired and I only held Bitcoin.