Dragonfly Partner: Cryptocurrency hasn't lost to AI; when prices are low is the best time to double down.

Deep Tide TechFlow News, February 25 — According to CoinDesk, Haseeb Qureshi, managing partner at cryptocurrency venture capital firm Dragonfly, stated that the crypto industry has not “lost to” AI, but rather the market is undergoing a natural adjustment. Qureshi pointed out that comparing AI’s explosive consumer adoption rate to the development trajectory of cryptocurrencies is a misunderstanding of the products’ nature. He emphasized, “Less than 1% of AI users pay for services, whereas cryptocurrencies have no free tier.” Despite venture capital funding clearly favoring AI, Qureshi believes this is simply “capitalism at work.” He noted that cryptocurrencies remain a $2 trillion asset class, with stablecoin supply increasing by 50% annually, which is an “exponential growth.” Qureshi stated, “Doubling down during price dips is the best time.”