TechFlow News, February 25: According to a CoinDesk report, Haseeb Qureshi, Managing Partner at cryptocurrency venture capital firm Dragonfly, stated that the cryptocurrency industry has not “lost” to AI, but rather the market is undergoing a natural adjustment. Qureshi noted that comparing AI’s explosive consumer adoption rate with cryptocurrency’s development trajectory reflects a fundamental misunderstanding of the nature of these products. He emphasized: “Less than 1% of AI users pay for the service, whereas cryptocurrency has no free tier.” Although venture capital funding has clearly shifted toward AI, Qureshi views this as merely “capitalism working as intended.” He pointed out that cryptocurrency remains a $2 trillion asset class, with stablecoin supply growing 50% annually—a figure he described as “exponential growth.” Qureshi added: “The best time to double down is during periods of depressed prices.”
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