I call FUD on the reports of people going into deep debt to buy bitcoin.
Sure there will always be some people that do this. And it makes for a good story, so the media reports it. But I don't think this is something that is happening in significant numbers.
I don't know about deep debt, but I've had multiple people whose are basically technically illiterate ask me about bitcoin and how to buy them. One of them even asked me which bank they could drive to open an account and buy bitcoin!
There is a new wave of people who've read the 10,000% return articles on fb or whatever who now wanna invest every penny that they have into bitcoin
Sure there will always be some people that do this. And it makes for a good story, so the media reports it. But I don't think this is something that is happening in significant numbers.