【Analysis: Bitcoin Financial Strategies are Similar to Collateralized Debt Obligations in the Crypto World】Golden Finance reports that an article from the UK’s Financial Times analyzes that Bitcoin financial companies may be a 'fool's paradise,' as investors could suffer painful consequences when facing a crypto winter. In a sense, Bitcoin financial companies are like collateralized debt obligations (CDOs) in the cryptocurrency world, which are an overhyped asset class with low fundamental value. Technical designers, marketing companies, or educational consulting firms have abandoned their daily jobs to invest in Bitcoin, and the main attraction for investors seems to be the ability to leverage built-in mechanisms to seize the upward momentum of cryptocurrency valuations. However, when the next winter arrives, BTC investors are likely to find that pain comes along with it.