On Monday, Haseeb Qureshi, the Managing Partner of the Venture Firm Dragonfly Capital, stated that he believes Bitcoin will hit $150,00 by the end of 2026. Qureshi also predicted a decrease in Bitcoin’s current market dominance, which stands at roughly 59% at $87,000.
According to Qureshi, 2026 will be unexpected in both positive and negative ways. He stated that larger institutions, real-world applications of blockchain technology, and the separation of successful initiatives from overhyped ones will all contribute to the sustained rise of blockchain technology in the upcoming year.
Qureshi predicts a Bitcoin surge and stablecoin growth
According to Haseeb Qureshi, as of December 2025, the forecast range has expanded dramatically. Although there are significant legal issues in the case of federal preemption and the legalization of sports betting, the situation remains unchanged until 2026.
Major banks, such as Citigroup, retain cautiously optimistic targets in the middle range, between $143,000 and $189,000. According to Citigroup, the Digital Asset Market Clarity Act has enabled institutions to participate more actively, and the introduction of spot Bitcoin ETFs may result in an additional $15 billion in net inflows in 2026.
Additionally, Standard Chartered and JPMorgan analysts also predicted BTC’s price to hit $150,000 and $150,000–$170,000 by the end of 2026, respectively.
On-chain data from CoinGecko indicate that the current price of Bitcoin (BTC) is $87,103.24, representing a 3.3% increase from the previous day. The cryptocurrency is still 30.8% below its peak value of $126,080, which was attained just three months prior on October 6, 2025.
Qureshi believes that the cryptocurrency industry is progressing beyond speculation and is witnessing significant integration with the established financial system; thus, his forecast for 2026 will be more positive.
He warned that in the DeFi industry, insider trading scandals cannot be ruled out. Qureshi stated that perpetual products will surpass a 20% market share, and perpetual derivatives DEXs may merge into approximately three dominant platforms.
According to Qureshi, Ethereum and Solana are expected to outperform Tempo, Arc, and Robinhood Chain in terms of daily active addresses, stablecoin flows, and RWAs.
Qureshi stated that top developers will continue to build on neutral infrastructure chains, which will strengthen their ecosystem by attracting top software engineers. He projected that the overall supply of stablecoins will increase by approximately 60% in 2026, with USD remaining at 99% or higher.
As the industry diversifies, USDT’s dominance is expected to gradually decrease to approximately 55%. Qureshi stated that the use of stablecoin-backed cards is expected to increase by an astounding 1,000% with Rain emerging as the primary beneficiary of this trend, swiftly becoming the main way for stablecoins to enter and grow in new markets.
Qureshi made a bullish statement about Zcash in the unexpected reply to the user. He expressed his belief that privacy will trail behind. There will be some adoption of private transactions on Arc and Tempo.
He stated that Zcash will probably succeed because people want to believe in it. Qureshi further noted that he believes the majority of people would continue to act in the same manner in 2026.
Qureshi says big companies will adopt blockchain for Real-World use
Qureshi cited the current trend of large firms and organizations entering the cryptocurrency market. According to Qureshi, at least one major technology company, such as Google, Apple, or Meta, is expected to release or acquire a cryptocurrency wallet in 2026.
He claimed that the possible release of the crypto wallet would put billions of daily users in touch with cryptocurrency via platforms they already use. Qureshi demonstrated that the emergence of additional Fortune 100 companies would start utilizing blockchain technology for practical applications beyond consumer technology, particularly in the banking and financial industries.
Qureshi stated that these enterprises are likely to establish personal and licensed networks utilizing existing toolsets, such as Avalanche subnets, OP Stacks, Orbit, or ZK Stack. He further stated that the recent trend demonstrates the prevalence of blockchain as a beneficial business tool that extends beyond its speculative value.
Despite this business interest, Qureshi expressed doubts about the new public blockchains that financial technology firms have built, occasionally referred to as fintech L1s. He argued that such networks will not be as good as expected. He added that these networks will not draw a large amount of traffic or users out of popular chains such as Ethereum or Solana.
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