Jefferies Analysts Compare Crypto Growth to 1996 Internet Boom

Jefferies analysts compare the current state of crypto to the internet in 1996, suggesting significant growth potential. They indicate that institutional interest in digital assets is rising, with many developing strategies for investment across tokens, ETFs, and digital asset treasury companies (DATs).

Analysts emphasize looking beyond bitcoin, highlighting the broader disruption potential of blockchain technology.
They see exchange-traded funds (ETFs) and DATs as short-term growth drivers, potentially easing institutional entry into the market.

The $1 Trillion Public Market

Long-term growth is expected from tokenization and initial public offerings (IPOs), which could lead to a significant increase in blockchain network activity and transaction volume.
Jefferies anticipates 10-15 IPOs in the next 18-24 months, projecting a $1 trillion public market in five years.

Jefferies suggests using a strategy akin to the early internet era by focusing on tokens with lasting utility rather than speculative assets. Only six of the top 20 tokens from January 2018 remain in the top 20 today, mirroring the dot-com era's evolution.