Crypto VC Could Disappear by 2030, Dragonfly Partner Warns

Haseeb Qureshi, managing partner at Dragonfly, predicts that dedicated crypto venture capital could disappear by 2030. He attributes this to two converging forces: centralization in the industry and a shrinking number of genuinely venture-backable opportunities.

This isn't the first time Qureshi has made this prediction; he floated it back in 2022, stating bluntly that 'crypto VC will be gone by 2030.'

Despite raising $650 million for its Fund IV in February 2026, Dragonfly seems to view this as evidence of consolidation rather than a contradiction.