Bloomberg reported that credit cards are being used to buy bitcoin by 18% of those that choose to invest in the cryptocurrency.

Bloomberg noted that this can be a dangerous practice, citing the fact that nearly a quarter (22%) of those who follow this strategy are then left with a credit card balance they are unable to pay.

Bloomberg, which cited a survey from LendEDU, said that many of the investors (90%) are willing to take the gamble as they expect to use profits from selling bitcoin to pay off their credit debt.