{"id":76072,"date":"2026-07-28T23:10:37","date_gmt":"2026-07-28T23:10:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dragonflys-haseeb-qureshi-warns-crypto-vc-may-end-by-2030-as-active-investors-drop-by-87-from-2022-peak\/"},"modified":"2026-07-28T23:10:37","modified_gmt":"2026-07-28T23:10:37","slug":"dragonflys-haseeb-qureshi-warns-crypto-vc-may-end-by-2030-as-active-investors-drop-by-87-from-2022-peak","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dragonflys-haseeb-qureshi-warns-crypto-vc-may-end-by-2030-as-active-investors-drop-by-87-from-2022-peak\/","title":{"rendered":"Dragonfly\u2019s Haseeb Qureshi Warns Crypto VC May End by 2030 as Active Investors Drop by 87% From 2022 Peak"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Haseeb Qureshi warned that crypto VC may face a last vintage as platforms dominate.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Cryptorank counted 150 active investors in July, down from 1,177 in May 2022, signaling consolidation.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Dragonfly says 2030 may leave few startups, favoring founders who control distribution and economics.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Cryptorank Counts Just 150 Active Venture Firms, Fewest Since November 2020<\/h2>\n<p class=\"isSelectedEnd\">Crypto venture capital may be approaching a structural turning point, even if bitcoin, ethereum and stablecoins continue to expand.<\/p>\n<p class=\"isSelectedEnd\"><a href=\"https:\/\/news.bitcoin.com\/dragonflys-origin-story-erupts-as-alexander-pack-challenges-haseeb-qureshi-on-x\/\">Haseeb Qureshi<\/a>, managing partner at Dragonfly, said the sector could eventually reach a \u201clast vintage\u201d as established networks become harder for startups to challenge.<\/p>\n<p class=\"isSelectedEnd\">\u201cAt some point, crypto VC might just be over,\u201d Qureshi said in a <a href=\"https:\/\/x.com\/WuBlockchain\/status\/2081892394358952207?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">July 21 interview<\/a>. \u201cThere might just be a last vintage.\u201d<\/p>\n<p class=\"isSelectedEnd\">His warning is not a prediction that crypto will disappear. Instead, it reflects a market where scale, liquidity and network effects increasingly favor a small group of mature platforms.<\/p>\n<h2>Social Media Offers a Warning<\/h2>\n<p class=\"isSelectedEnd\">Qureshi compared crypto with social media, which grew rapidly during the 2010s even though most of its leading platforms had been built years earlier. Facebook, WhatsApp, Instagram and LinkedIn kept expanding, while Bytedance\u2019s TikTok became the rare major challenger.<\/p>\n<p class=\"isSelectedEnd\">Crypto could follow a similar path.<\/p>\n<p class=\"isSelectedEnd\">\u201cMaybe by the year 2030, pretty much every important company is built,\u201d Qureshi said. Large platforms could continue growing while leaving very little room for new players to disrupt them.<\/p>\n<p class=\"isSelectedEnd\">He acknowledged that the timing remains uncertain. Still, he said investors may be overlooking the possibility that a growing crypto market will not always produce a steady pipeline of fundable startups.<\/p>\n<h2>Active Crypto Investors Hit Multiyear Low<\/h2>\n<p class=\"isSelectedEnd\">Recent funding data points in the same direction.<\/p>\n<p class=\"isSelectedEnd\">Cryptorank said only <a href=\"https:\/\/x.com\/CryptoRank_io\/status\/2082065203358040532?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">150 unique venture firms<\/a> had participated in crypto funding rounds in July as of July 28. That was the lowest monthly figure since November 2020 and far below the record of 1,177 active investors in May 2022.<\/p>\n<figure id=\"attachment_834859\" aria-describedby=\"caption-attachment-834859\" style=\"width:1920px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/dragonflys-haseeb-qureshi-warns-crypto-vc-may-end-by-2030-as-active-investors-drop-by-87-from-2022-peak-1.jpeg?X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&amp;X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIARQKIT2TMGZBKV2L6%2F20260728%2Fus-east-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260728T135535Z&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Expires=600&amp;X-Amz-Signature=dff98a1fd6f009ed577eb80a23acb803059423f72c6bb68682a112a39377c5a0\"><\/a><figcaption id=\"caption-attachment-834859\" class=\"wp-caption-text\">Source: Cryptorank<\/figcaption><\/figure>\n<p class=\"isSelectedEnd\"><a href=\"https:\/\/x.com\/fintechfrank\/status\/2081744016597496229?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">The noticeable decline<\/a> suggests that capital is becoming concentrated among fewer funds. Investors are also becoming more selective when assessing new projects.<\/p>\n<p class=\"isSelectedEnd\">Qureshi was particularly skeptical of startups built around a single financial product on <a href=\"https:\/\/news.bitcoin.com\/hyperliquid-bets-big-on-prediction-markets-with-permissionless-hip-4-push\/\">platforms such as Hyperliquid<\/a>. Without control over distribution, he said, those firms risk becoming suppliers rather than durable businesses.<\/p>\n<p class=\"isSelectedEnd\">\u201cIf Hyperliquid owns the distribution, then you\u2019re essentially just like a reseller,\u201d he said. \u201cThat\u2019s not a very compelling business model.\u201d<\/p>\n<p>Crypto VC is unlikely to vanish overnight. However, its next phase may favor fewer companies, larger platforms and founders who control their own customers, distribution and economics.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/dragonflys-haseeb-qureshi-warns-crypto-vc-may-end-by-2030-as-active-investors-drop-by-87-from-2022-peak\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Haseeb Qureshi warned that crypto VC may face a last vintage as platforms dominate. Cryptorank counted 150 active investors in July, down from 1,177 in May 2022, signaling consolidation. Dragonfly says 2030 may leave few startups, favoring founders who control distribution and economics. Cryptorank Counts Just [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":76073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76072"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76072"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76073"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}