Not true. Solid carbide spade bits will drill hardened cutlery steel. But they are even more touchy about feed/speed.
I third (fourth?) the motion to search out Nathan the Machinist's thread on making holes. Drilling is one of the topics where us cantankerous, largely self-taught knifemakers, who often tend to want to do things the "quick an' dirty" way (whether it makes any sense or not) really need to listen to our friends with more education and experience.