Dragonfly Partner: Crypto finance company or cost cycle trend, expected to continue hot for 1 to 2 years

律动BlockBeats|Jun 17, 2025 09:36
BlockBeats News: On June 17th, Haseeb Qureshi, Managing Partner of Dragonfly Capital, stated on social media that "every cycle, entrepreneurs chase 'hot money'. The previous cycle meant issuing tokens. At that time, the cryptocurrency capital market was exceptionally hot. This cycle is pushing tokens into the stock market, similar to the model of a 'finance company'. But hot money never stays for too long, and financial companies will not become the ultimate mainstream. I guess this pattern can last for about 1-2 years until the heat subsides
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