Jefferies: The crypto market is still in the "Internet 1996 stage" and institutional investors should not focus only on BTC

According to Odaily Planet Daily, US investment bank Jefferies stated in a report for large institutional investors that the development stage of cryptocurrencies is similar to that of the internet in 1996, with ample room for growth. Analysts point out that excessive focus on Bitcoin prices may overlook the disruptive potential of blockchain technology across various industries. Some institutions have already begun investing in it through ETFs and digital asset treasury (DAT) companies. Jefferies recommends that investors adopt the investment strategies of the early internet era, focusing on the long-term utility and selectivity of projects. (CoinDesk)