Investment bank Jefferies predicted that the IPO boom of virtual asset companies will form a massive market worth $1 trillion within the next 5 years. According to CoinDesk, institutional investors' interest is rapidly shifting from betting on Bitcoin price fluctuations to technological infrastructure that integrates blockchain into actual financial systems (payments, settlements, lending). Jefferies explained that listings of virtual asset and blockchain companies will follow one after another within the next two years, and the combined market capitalization of related listed companies is expected to reach $1 trillion within five years.