‘Am I Too Late to Invest’ in Crypto? Here’s What Tradfi Is Asking Wall Street Analysts

‘Am I Too Late to Invest’ in Crypto? Here’s What Tradfi Is Asking Wall Street AnalystsJefferies Says Most Institutional Investors Remain on the Sidelines Despite Growing Token Infrastructure, But That’s Changing, and It’s A Good Thing for the Industry. Sep 21, 2025, 12:00 PM

Crypto, Like The Early Days of the Internet Boom, is Still in A “1996” Phase with More Room to Grow, Jefferies Analysts Told Large Institutional Investors in A Client Q & A Report.

The Investment Bank, Who Launched Full Coverage of the Digital Assets Sector in September, SAID IT IS GETTING STRONG AND DIVERSE INTEREST FROM ITS CLIENTS. One of the Main Questions that Analysts Are Fielding is, “Am and Too Late to Invest?” To Whose Analysts, Led by Andrew Moss, Have Answered, “Relative to the Internet, IT’s 1996 for the Digital Asset Ecosystem, and The Next Leg of Growth Has Just Begun.”

By Drawing Parallels to “1996,” Jefferies Paints a Powerful and Specialize Picture of Wall Street Durying The Early Days of the Internet – One that that Implies that Crypto Crypto’s Next LEG.

The Bank Is Referring to An Era Have the Internet Was Justting The Mainstream. Netscape Navigator Was Battling Internet Explorer for Dominance, Amazon Was A Fledgling Online Bookstore a Year Away from Its ITS, AND Google’s Search Engine Wulde.

Jefferies’ Rationalale for this “Still Early” Theis is that only a Handful of Traditional Funds Currently Have Exposure to the Crypto Industry, But that’s Canging – and that’s a au.

“Many are Actively Developing Investment Strategies and Determining How to AlloCate Funds Across Tokens, Etfs, Digital Asset Treasury Companies (Dats) Note Last Week.

Not just btcSo, whore do jelfferies are the Analyst See this Opportunity for Institutional Investors? Spoiler Alert: It’s Not Just Bitcoin and Blockchain’s Original Payments Use Case. Rater, Analysts Said, Investors Should Look Beyond that.

“OUR View is that Too Much Focus on Bitcoin and BTC’s Price Will Distract from Blockchain Technology’s Disruption Potential Across Industries,” The Analysts Wrote.

Jefferies Noted that Clients Areseidering Exchange-Traded Funds and Digital Asset Treasury (Dats) Companies to Gain Exposure to the Sector, and The Bank’s Analysts See. Etfs Might Remove the Final Barrier for Institutional Investments, While Dats Could Also Drive Demand for Tokens, As These Treasury Companies Aren Actively and Continuing Buying Buying Bujing. raised capital.

The $ 1 Trillion Public MarketETFS and Dats Aside, Jefferies Sees More Long-Term Bull Cases in the Digital Asset Sector: Tokenization and Initial Public Offers (IPOS).

With More Financial Institutions Tokenizing Assets to Enable 24/7 Trading and Real-Time Settlement, The Jefferies Analysts See for tokenholders, whokh Could Accelerate the Next Leg of Digital Asset Growth.

And then there is incident public office (iPOS), a trend that have picked up steam this cycle, whohh has seen seven several companies, including circle, bullish (coindesk’s prent companies.

Jefferies expects this Trend to Only Pick Up in the Next 18-24 MONHS AND BALLOON TO A MASSIVE Market in the Net Five Years.

WHILE Exchanges Were Firt to Go Public, The Bank Sees A Go-Public Opportunity for Distributed Ledger Developers Companies, Institute Trading and Staking Platforms, Fund Managers and Prime Brokers.

“We Reiterate Our Expection for 10-15 ipos Over The Next 18-24 Months and A $ 1 [trillion] Public Market Sector Over the Next 5 Years, “The Analysts Wrote.

PlayBook As Old As Dot-Com eraDRIVING HOME of the 1996 Internet Era, The Firm’s Advice to Clients Asking Howte Echoes of the Lessons of the Early Internet: Be Selective and Focus on Lasting Utility.

The Analysts Pointed Out of the Only Six of the Top 20 Tokens from January 2018 Remain in the Top 20 Today-A Dynamic Similar to the Dot-Com era, WHEN EARLY LEADERS LIKE ALTAVISTA.

A Great Divergence is Expert to Continue As Capital Shifts from Special Special Assets to Tokens That Power Real Applications. The Playbook, Jefferies Suggests, is to Analyze Tokens Like Early-Stage Tech Startups, Prioritizing “Adoption, Development, Usage and Use Case” Over Fleeting Revenue Som.

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