Haseeb Qureshi, managing partner at Dragonfly, predicted in a July 21 interview that dedicated crypto venture capital could effectively disappear before 2030. His argument rests on two converging forces: the increasing centralization of the sector, where the era of accessible protocols is giving way to established players with strong competitive moats, and the shrinking number of truly venture-backable opportunities in pure-play crypto. This prediction comes with a paradoxical context: Dragonfly just closed its Fund IV at 650 million dollars in February 2026. Qureshi views this as evidence of market consolidation rather than contradiction. Capital is now redirecting toward AI integration, stablecoins, privacy infrastructure, tokenization of real-world assets, and decentralized finance.
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