Dragonfly Partner Discusses Institutional Influence on Bitcoin Market

Dragonfly partner Haseeb Qureshi has commented on the current state of the cryptocurrency market, noting a significant withdrawal of retail investors. According to Odaily, Qureshi highlighted that institutions are now forming the market's foundation and supporting Bitcoin's price. He emphasized Bitcoin's potential as a mature asset with sustained growth over the next 15 to 20 years, while altcoins need clear narratives to regain retail interest. Qureshi also remarked that the core of the crypto industry remains centered around money and financial scenarios, with areas like DeFi, stablecoins, exchanges, and real-world assets showing strong user engagement. He suggested that the integration of AI technology could lead to intelligent agents playing intermediary roles in trading, thereby increasing overall adoption. Users with low-risk preferences might become the primary source of growth in the future.