Haseeb Qureshi Sees a Divided Crypto Market in 2026
Dragonfly Capital partner Haseeb Qureshi expects 2026 to be a year of sharp contrasts for the crypto market, marked by strong headline price gains alongside quieter structural shifts beneath the surface.
In a recent outlook, Qureshi stated that “Bitcoin could trade above $150,000 by the end of 2026,” even as its dominance within the broader crypto market declines. According to him, rising prices may coexist with a gradual redistribution of capital toward other major blockchain networks.
Bitcoin Upside Amid Waning Dominance
Qureshi’s projection comes at a time when Bitcoin has struggled to regain sustained momentum. Despite several attempts, BTC has remained below the $90,000 level and has failed to extend gains beyond its October peak near $126,000. However, Qureshi argued that uneven short-term performance does not eliminate the possibility of a strong recovery.
Instead, he anticipates a scenario where Bitcoin appreciates significantly while capital increasingly flows into alternative large-cap networks. This rotation, he said, would naturally reduce Bitcoin’s share of total crypto market value and reflect a more mature market structure, where investors diversify once confidence improves.
That view contrasts with more cautious voices in the market. Analysts including “Mr Wall Street” and “Doctor Profit”have described the current environment as a prolonged bear market, warning that short-term rallies could serve as liquidity traps. Some forecasts point to potential downside toward the $64,000–$70,000 range, with a broader market bottom possibly forming later in 2026.
Ethereum, Solana, and Network Fundamentals
Looking beyond Bitcoin, Qureshi expects Ethereum and Solana to “overdeliver” in 2026, supported by strong developer activity and their roles as neutral infrastructure layers. In contrast, he expressed skepticism toward several newer blockchains, particularly those closely tied to financial services and consumer fintech narratives.
While these projects have drawn attention through themes such as payments, stablecoins, and real-world assets, Qureshi suggested their on-chain metrics, including daily active users and transaction volumes, may fall short of expectations.
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