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Jefferies: Cryptocurrency Market Still in 'Internet 1996 Phase', Institutional Investors Should Not Only Focus on BTC
Summary: According to a report from American investment bank Jefferies aimed at large institutional investors, the development stage of cryptocurrencies is similar to the internet in 1996, still possessing vast growth potential. Analysts point out that if the market overly focuses on Bitcoin prices, it may overlook the disruptive potential of blockchain technology in various industries. ...
According to a report from American investment bank Jefferies aimed at large institutional investors, the development stage of cryptocurrencies is similar to the internet in 1996, still possessing vast growth potential. Analysts point out that if the market overly focuses on Bitcoin prices, it may overlook the disruptive potential of blockchain technology in various industries. Some institutions have already begun positioning themselves through ETFs and Digital Asset Treasury (DAT) companies. Jefferies recommends investors to emulate early internet investment strategies, emphasizing the projects' long-term utility and selectivity. (CoinDesk)
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Link: Jefferies: Cryptocurrency Market Still in 'Internet 1996 Phase', Institutional Investors Should Not Only Focus on BTC [Copy]
