Derived from TechFlow, on September 21, Jefferies, a U.S. investment bank, highlighted in a client Q&A report for large institutional investors that the cryptocurrency market is akin to the early days of the internet boom, specifically the '1996 stage', indicating significant growth potential. The report suggests that many companies are actively developing investment strategies and determining how to allocate funds among tokens, ETFs, digital asset treasury companies (DAT), and publicly traded companies with exposure to the sector. Jefferies analysts caution against focusing too heavily on Bitcoin prices, as it may distract from the disruptive potential of blockchain technology across various industries. Their advice mirrors investment strategies from the 1996 internet era, emphasizing selectivity and lasting utility.
Jefferies: Crypto Market in '1996 Internet Stage', Growth Potential Noted
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