Dragonfly Managing Partner Haseeb Qureshi refuted the claim that cryptocurrencies missed opportunities due to the rise of artificial intelligence. He believes this comparison misinterprets the fundamental nature of crypto products, as cryptocurrencies do not have free tiers. He emphasized that the annual supply of stablecoins has increased by 50% year-over-year, demonstrating solid fundamentals, and views the current shift in venture capital as a market adjustment rather than a collapse. Qureshi asserted that the $2 trillion size of the cryptocurrency industry and its high-leverage technology remain robust, and dismissed the notion that cryptocurrencies are surrendering to Wall Street, considering it merely a cyclical fluctuation rather than a crash.