Dragonfly associate Haseeb Qureshi has predicted that 2026 shall be a yr of sharp contrasts for the crypto market, with main good points in headline costs alongside shifts beneath the floor.
In an in depth outlook, Qureshi stated Bitcoin may climb above $150,000 by the top of 2026, whilst its dominance over the broader crypto market declines.
Bitcoin to $150K or $70K First?
The forecast comes at a time when Bitcoin has struggled to regain momentum. Regardless of a number of makes an attempt, the asset has remained caught under the $90,000 degree and has did not construct on its all-time excessive of round $126,000 reached in October. In response to Qureshi, this uneven efficiency doesn’t rule out a powerful comeback.
As a substitute, he expects BTC’s worth to rise considerably whereas capital step by step rotates into different giant networks, which is predicted to cut back Bitcoin’s share of the full crypto market. He advised that this sample would replicate a extra mature market, the place traders are more and more keen to allocate funds past BTC as soon as confidence returns.
This bullish outlook stands in sharp distinction with warnings from different analysts who consider that Bitcoin’s bear market is much from over. Analysts akin to Mr Wall Road and Physician Revenue describe the present atmosphere as a bear market, the place short-term rallies may act as liquidity traps earlier than additional declines. They argue that the crypto asset may nonetheless face a deeper draw back, and a few projections level to a doable drop towards the $64,000-$70,000 vary and a delayed market backside later in 2026.
From Dev Exercise to Massive Tech Wallets
Transferring past Bitcoin, Qureshi stated Ethereum and Solana are prone to “overdeliver” in 2026, as they profit from robust developer exercise and their positions as impartial infrastructure layers.
On the similar time, he warned that a number of newer chains, notably these carefully tied to monetary companies and consumer-facing fintech use circumstances, might fail to dwell as much as the joy surrounding them. Whereas these tasks have attracted consideration for specializing in areas akin to funds, stablecoins, and real-world belongings, Qureshi expects their on-chain exercise metrics, together with every day lively customers and transaction flows, to disappoint.
He stated the perfect builders are nonetheless possible to focus on established, open platforms quite than networks which might be extra tightly related to particular firms or enterprise fashions. In consequence, Ethereum and Solana may very nicely proceed to draw expertise and utilization, whereas some newer chains battle to transform early curiosity into lasting traction.
Qureshi additionally made a broader prediction about company adoption, whereby he stated that 2026 could possibly be a turning level for crypto’s relationship with Massive Tech. He expects that a minimum of one main expertise firm, akin to Google, Apple, or Meta, will both launch its personal crypto pockets or purchase an present one.
In response to Qureshi, such a transfer would primarily point out that crypto wallets have gotten a regular a part of digital monetary infrastructure quite than a distinct segment product for fans. He additionally added that extra Fortune 100 firms are prone to start utilizing blockchain rails as nicely, notably within the banking and fintech sectors. Nonetheless, this adoption is not going to be evenly unfold throughout all networks, and as an alternative will focus round a smaller variety of well-supported blockchain frameworks.
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