KEYTAKEAWAYS
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Dragonfly managing partner Haseeb Qureshi predicts that by 2026, a major tech company will integrate or acquire a crypto wallet, while more Fortune 100 firms—especially in banking and fintech—will build proprietary blockchains using existing crypto stacks.
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He is skeptical of fintech-led public blockchains such as Tempo and Robinhood Chain, arguing they will fail to attract meaningful users or activity and will be unable to challenge the dominance of Ethereum and Solana.
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Qureshi expects Bitcoin to exceed $150,000 by the end of 2026 amid a growing stablecoin market and strong growth in prediction markets, while remaining bearish on most AI–crypto use cases beyond security.
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Haseeb Qureshi, Managing Partner at crypto venture capital firm Dragonfly, predicts that by 2026 a major technology company will integrate a crypto wallet, while more Fortune 100 companies will begin building their own blockchains. He also argues that blockchains launched by financial technology (fintech) companies—such as Tempo and Robinhood Chain—will ultimately fail due to their inability to attract sufficient users.
LARGE ENTERPRISES BUILD PROPRIETARY BLOCKCHAINS; BIG TECH INTEGRATES CRYPTO WALLETS
In a post on X on Monday, Haseeb Qureshi stated that the next wave of Fortune 100 adoption is likely to come primarily from banks and the fintech sector. Many of these companies are expected to leverage Avalanche, as well as existing crypto technology stacks such as OP Stack, Orbit, and ZK Stack, to build their own networks. This architecture allows enterprise blockchains to remain connected to public chains while offering higher levels of privacy and permissioned access.
In fact, several Fortune 100 companies in financial services—including JPMorgan, Bank of America, Goldman Sachs, and IBM—have already built private blockchains. However, most of these initiatives remain in pilot stages or are limited to narrow use cases.
Earlier this month, crypto investment firm Galaxy Digital also noted in its 2026 outlook that at least one Fortune 500 bank, cloud service provider, or e-commerce platform is expected to launch a Layer 1 blockchain in 2026. This chain is projected to settle more than $1 billion in real-economy activity and establish bridges into decentralized finance (DeFi).
Haseeb Qureshi further believes that one of the major technology companies dominating today’s internet ecosystem—such as Google, Meta, or Apple—will either launch or acquire a crypto wallet in 2026, a move that could potentially onboard billions of users into the crypto space.
FINTECH BLOCKCHAINS UNLIKELY TO CHALLENGE ETHEREUM
However, Qureshi is skeptical about new public blockchains built by fintech companies. He argues that these chains will struggle to attract enough users or generate sufficient network activity to challenge the dominance of native crypto networks such as Ethereum and Solana. He stated:
“Despite the recent excitement around fintech blockchains, their key metrics will disappoint. Daily active addresses, stablecoin flows, and real-world asset (RWA) activity—including on Tempo, Arc, and Robinhood Chain—will all fall short of expectations, while Ethereum and Solana will outperform market expectations.”
He added that the best developers will continue to choose neutral, infrastructure-focused public blockchains for building applications.
BITCOIN TO REACH $150,000, BUT MARKET DOMINANCE TO DECLINE
On price outlooks, Qureshi expects Bitcoin to exceed $150,000 by the end of 2026, while also predicting a decline in Bitcoin’s market dominance.
By contrast, Galaxy Digital offered a much more cautious view, stating that the market in 2026 will be “too chaotic” to make clear forecasts, and suggesting that Bitcoin could trade within a very wide range of $50,000 to $250,000.
At the same time, Qureshi predicts that the stablecoin market—currently valued at approximately $312 billion—will grow by 60% by 2026, while market leader Tether (USDT) will see its market share decline from 60% to 55%.
BULLISH ON PREDICTION MARKETS, SKEPTICAL ON AI–CRYPTO INTEGRATION
Qureshi believes that prediction markets will continue to experience explosive growth next year. However, he remains pessimistic about most applications of AI in crypto beyond cybersecurity, arguing that meaningful real-world use cases remain elusive.
He noted: “By 2026, AI agents still won’t be ‘paying each other,’ nor will they be spending any meaningful amounts of money.” He also predicts that, before 2026, social platforms will still lack effective solutions to curb the proliferation of spam bots.
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