[Jefferies: The Crypto Market Is Still in the 'Internet 1996 Phase,' Institutional Investors Should Not Focus Solely on BTC] Odaily Planet Daily reports that U.S. investment bank Jefferies stated in a report aimed at large institutional investors that the development stage of cryptocurrency is similar to the internet in 1996, still offering vast growth potential. Analysts pointed out that if the market focuses excessively on Bitcoin prices, it may overlook the disruptive potential of blockchain technology across various industries. Currently, some institutions have begun to make arrangements through ETFs and Digital Asset Treasury (DAT) management companies. Jefferies recommends that investors draw on early internet investment strategies, emphasizing the enduring utility and selectivity of projects. (CoinDesk)