Dragonfly’s Haseeb Qureshi Highlights 2026 Crypto Outlook
Haseeb Qureshi, managing partner at Dragonfly, predicts 2026 will reward established crypto infrastructure while emerging segments reshape the industry. In a Dec. 29 post on X, he emphasized durability, distribution, and real-world adoption over rapid experimentation, reflecting investor reassessment after volatile cycles.
Markets and Blockchains
Qureshi expects Bitcoin (BTC) to finish 2026 above $150,000, even as its market share declines, allowing growth elsewhere without threatening its role as the market anchor. He remains skeptical of newer fintech-branded blockchains due to weaker wallet engagement, stablecoin flows, and tokenized asset adoption. Ethereum and Solana, he notes, are well-positioned to outperform thanks to strong, composable infrastructure.
Corporate adoption will deepen, particularly in payments and financial services, with at least one major tech company launching or acquiring a crypto wallet. Avalanche and select rollup frameworks are likely to benefit.
DeFi, Payments, and Stablecoins
DeFi markets are expected to consolidate, with dominant venues capturing most trading. Stablecoin supply is set to expand, supported by new payment rails, especially in emerging markets.
Regulation, Prediction Markets, and AI
A U.S. crypto market structure bill is anticipated, though some sectors may remain dissatisfied. Prediction markets will grow, and AI adoption will focus on developer tools and security improvements.
Qureshi disclosed investments in many assets mentioned in his post.
