Dragonfly managing partner Haseeb Qureshi predicts crypto VC may enter its final investment cycle by 2030 as major platforms consolidate the market.
VC & Fundraising ·
Dragonfly managing partner Haseeb Qureshi predicted in an interview on July 21, 2026, that crypto venture capital may be approaching its final investment cycle by 2030. He expects Bitcoin, Ethereum, and stablecoins to sustain growth, but foresees major platforms consolidating market share in ways that constrain opportunities for emerging crypto companies.
Qureshi's outlook hinges on a structural concern: that new entrants relying solely on single financial products or distribution through existing platforms will struggle to build sustainable business models. He suggested this dynamic could drive greater centralization across the crypto industry, narrowing the venture landscape.
The prediction remains speculative—it depends on how platform consolidation unfolds and whether new product categories or use cases emerge to sustain startup formation. No timeline or metric for the "final cycle" was specified beyond the 2030 reference.