Investment bank Jefferies: The crypto market is still in the "1996 stage of the internet," with significant growth potential

ChainCatcher news, according to CoinDesk, U.S. investment bank Jefferies pointed out in a recent client Q&A report aimed at large institutional investors that cryptocurrency is still in the "1996 stage," much like the early internet boom, and has greater growth potential. Many companies are actively developing investment strategies and determining how to allocate funds between tokens, ETFs, digital asset treasury companies (DAT), and publicly traded companies with risk exposure.

Jefferies analysts noted that an excessive focus on Bitcoin prices distracts attention from the disruptive potential of blockchain technology across various industries, while their clients have already begun considering investments in the sector through exchange-traded funds (ETFs) and digital asset treasury management (DAT) companies. Their advice echoes the investment strategies of the 1996 internet era: be selective and focus on lasting utility.