Dragonfly Capital’s Haseeb Qureshi Foresees Shift in Crypto Market – Coincu

On June 17, 2025, Haseeb Qureshi of Dragonfly Capital discussed a major shift in the crypto market, highlighting a transition toward equity-style models.

His statement outlines the crypto market’s shift, indicating a temporary trend driven by hot money similar to past cycles.

Qureshi Predicts Equity-like Models in Crypto Evolution

Haseeb Qureshi, Managing Partner at Dragonfly Capital, recently shared insights on the crypto industry’s evolving landscape. Previously, entrepreneurs focused on token issuance in vibrant capital markets. Currently, the emphasis is on bringing tokens to the equity market, resembling a financial company model. This notion, shared on social media, suggests a transition aligning crypto tokens with more established financial paradigms. Qureshi anticipates this trend could last another 1-2 years.

Shifting from token issuance to more regulated financial structures represents a significant change. Governance tokens, DeFi protocol tokens, and other assets once reliant on speculative capital may mature into equity-like models. This redirection is partly driven by ongoing regulatory pressure for safer, more compliant financial structures.

Market reactions include mixed responses from governments, industries, and individuals alike. Regulatory bodies like the SEC and CFTC encourage compliant models, while the community discusses sustainable business practices. Qureshi’s prediction of an ‘AI agent’ token craze losing momentum by 2026 further illustrates potential market adjustments anticipated within the industry.

ICO Lessons Shape Regulatory and Market Dynamics

Did you know? In prior cycles, ICOs fueled speculative interest, resembling the current financial company model trend in crypto, emphasizing regulatory maturity.

According to CoinMarketCap, SubDAO (GOV) reports an unchanged market activity today with a fully diluted market cap of $9,101.49. Noted price changes show stability in 24-hour trading but a -85.67% shift over 90 days, indicating significant volatility and a potential for market readjustment.

The Coincu research team observes potential regulatory and technological shifts, likely fostering long-term market sustainability. By encouraging compliance and innovation, crypto markets may stabilize, aligning better with traditional financial sectors.