Question about the “Buy, Borrow, Die” strategy for Bitcoin

In a sentence, “how does it work?”

I understand you take out increasingly larger loans each year to pay off the old loan…

But let’s say you take out $100,000 per year…

Year one: $100,000

Year two: $200,000

…

Year 10: $1,000,000

By year 10, your interest payment at 12-14% would exceed the amount of cash you get in the loan.

The only solution I can see is spending a large chunk of the loan each year on more bitcoin, then selling that bitcoin during bull markets to pay down the quickly inflating loan.

Am I missing something?