It is not a bad thing that banks are stopping people from using debt to buy cryptos. This falls on the industry to figure out better gateways from fiat to crypto while remaining secure. This will be challenging but could be the key to ensure higher adoption and usage.
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All fiat is debt so how does that make any sense?
Very true! However, I refer to debt as something an individual needs tonoay back like credit cards. Fiat is an asset for the holder but a debt to the issuer like the US for USD. That is the context I meant...
Banks also are banning debit cards. Has nothing to do with "credit". More importantly fiat is no asset. Fiat is debt. If it were an asset it would be a stock (something which grows in value over time) or land. One of the worst mistakes in my opinion is to hold money in a bank expecting the value of that money to go up over time like an asset.