Josip Rupena compared the risks associated with Bitcoin and cryptocurrency funding companies to the CDO risks that contributed to the 2007-2008 financial crisis. He stressed the importance of recognizing these parallels in the context of current market behavior.
Crypto firms face unique challenges, including governance and cybersecurity concerns. Rupena emphasized that cash flow generation is vital for the success of these crypto finance companies, as bearer assets do not eliminate counterparty risks.
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