Investment Bank Jefferies’ Cryptocurrency Report: “What the Internet Was in 1996, Now…”

US-based investment bank Jefferies, in its report prepared for large institutional investors, likened the development stage of the cryptocurrency market to the internet era in ￰0￱ bank argued that the sector still has ample room for ￰1￱ say an excessive focus on Bitcoin prices could overlook the disruptive potential of blockchain technology across various ￰2￱ noted that some institutions have already begun investing in the space through exchange-traded funds (ETFs) and digital asset treasuries (DATs). The report recommends that investors focus on long-term benefits and selectivity of projects, similar to strategies used in the early internet ￰3￱ News: BitMEX Founder Arthur Hayes Claims Data in the US Points to a Major Bull Run in Cryptocurrencies Jefferies compared the crypto market to “1996,” recalling Wall Street’s state in the early years of the internet, and noted that a new wave of growth in crypto assets is still in its infancy.

Jefferies’ proposed strategy is to analyze tokens like early-stage tech startups and prioritize “adoption, development, usage, and use cases” rather than the temporary revenue boosts of some blockchains. *This is not investment ￰4￱ Reading: Investment Bank Jefferies’ Cryptocurrency Report: “What the Internet Was in 1996, Now…”