The increasing trend of treasury companies investing in Bitcoin (BTCUSD) and other cryptocurrencies is drawing scrutiny, with some experts drawing comparisons to Collateralized Debt Obligations (CDOs), the complex financial instruments that played a notable role in the 2007-2008 financial crisis. Josip Rupena, CEO of crypto-credit platform Milo and former analyst at Goldman Sachs, highlighted these concerns in a recent interview.

According to rupena, crypto-treasury companies face multiple risk levels, including management competence, cybersecurity vulnerabilities, and the ability to generate consistent cash flow. He cautioned that the repackaging of assets, weather mortgages in the past or Bitcoin and other digital assets today, can lead to situations where investors are exposed to unforeseen risks.

“There is this aspect that people take an actually solid financial product, formerly a mortgage or today Bitcoin and other digital assets, and play around with it so that they go in a direction in which investors can no longer be safe at the associated risk.”

While rupena doesn’t believe crypto-treasury companies will trigger the