Haseeb Qureshi, Managing Partner of venture firm Dragonfly Capital, has released a comprehensive set of predictions for 2026, forecasting that Bitcoin (BTC) will surpass $150,000 by the end of the year. This bullish outlook comes despite his expectation that Bitcoin's current market dominance, which stands at approximately 59% with a price of $87,103.24, will decrease throughout 2026.
Qureshi's prediction aligns with analyses from major financial institutions. Citigroup maintains cautiously optimistic targets between $143,000 and $189,000, citing the Digital Asset Market Clarity Act as a key enabler for institutional participation. The bank also projects that spot Bitcoin ETFs could generate an additional $15 billion in net inflows in 2026. Similarly, Standard Chartered and JPMorgan analysts have set year-end 2026 price targets of $150,000 and $150,000–$170,000, respectively.
The venture capitalist envisions 2026 as a year of significant maturation for the crypto industry, moving beyond speculation toward deeper integration with traditional finance. He predicts that at least one major technology company—such as Google, Apple, or Meta—will launch or acquire a cryptocurrency wallet, potentially connecting billions of daily users to crypto through familiar platforms. Furthermore, Qureshi expects more Fortune 100 companies to begin utilizing blockchain technology for real-world applications, particularly in banking and finance, likely building on existing infrastructure like Avalanche subnets, OP Stacks, Orbit, or ZK Stack.
In the altcoin space, Qureshi anticipates that Ethereum (ETH) and Solana (SOL) will outperform newer chains like Tempo, Arc, and Robinhood Chain in key metrics such as daily active addresses, stablecoin flows, and real-world assets (RWAs). He expressed skepticism about the new public blockchains being built by fintech firms, doubting they will attract significant traffic away from established leaders.
For the DeFi sector, Qureshi forecasts consolidation, with perpetual derivatives DEXs merging into roughly three dominant platforms. He also predicts that perpetual products will capture over a 20% market share. On stablecoins, he projects the total supply to grow by approximately 60% in 2026, with the U.S. dollar maintaining a 99%+ share. However, Tether's (USDT) dominance is expected to gradually decline to around 55% as the market diversifies. A major growth area will be stablecoin-backed cards, which Qureshi believes could see adoption increase by a staggering 1,000%, with Rain emerging as a primary beneficiary.
In a notable aside, Qureshi made a bullish statement about privacy coin Zcash (ZEC), suggesting that while privacy features may lag in adoption, Zcash is likely to succeed due to strong community belief, with some private transaction adoption expected on Arc and Tempo chains.
