Not true. For example, i once took a 401k loan out to buy cattle which fell through so rather than paying it right back into my 401k to close the loan, i bought bitcoin.
I didnt have access to this money, but via the loan i was able to use it for something more productive without incuring penalties and the interest is paid to myself.
Yes, but in an healthy market your 401k would be bitcoin. It would be stupid to use your 1 Bitcoin as collateral so that you can get half a coin and buy cattle with it. Instead you would simply spend your money for the cattle.
Using money as collateral for more money is not something that happens in a healthy market. Spending without spending. It's basically an attempt at double spending by leveraging bad money in circulation.
Your number number might have gone up higher by taking a loan with money to buy money but this isn't what I call productivity.
