Crypto Venture Capital May Lose Relevance by 2030

Haseeb Qureshi, managing partner at Dragonfly, has warned that crypto venture capital may lose relevance as established platforms capture more users and liquidity.

The warning comes as the number of active crypto investors falls to its lowest level since late 2020, with only 150 unique venture firms participating in crypto funding rounds in July, according to Cryptorank.

This is a significant decline from the record of 1,177 active investors in May 2022 and signals consolidation in the market.

Qureshi compared crypto to social media, which grew rapidly during the 2010s despite established platforms already being built years earlier.

He said that by 2030, 'maybe by the year 2030, pretty much every important company is built', and large platforms could continue growing while leaving little room for new players to disrupt them.