Dragonfly Partner Bullish on ETH and SOL, Says Bears Are Too Pessimistic

Dragonfly is a venture capital firm focused on cryptocurrency and blockchain startups, and managing partner Haseeb Qureshi has long tracked industry cycles. He said the recent departure of longtime market participants shows that speculative excess and overleveraging are receding. While that is weighing on the market, it could help redirect resources toward technologies and applications with long-term value.

Qureshi recently reiterated his bullish outlook for Ethereum (ETH) and Solana (SOL), saying bears often underestimate the crypto industry's resilience and are overly pessimistic about its prospects. He offered no specific price target, investment amount or timeline, but said blockchain technology remains on an exponential growth trajectory and that the current shakeout does not signal the industry's demise.