Tl;DR:
- Haseeb Qureshi expects Bitcoin to break $150,000 by end-2026 even as dominance falls from about 59% near $87,000.
- He predicts a major tech firm will launch or buy a crypto wallet, while Ethereum and Solana outperform Tempo, Arc, and Robinhood Chain.
- He sees stablecoin supply up about 60% with USD share 99%+, USDT drifting to about 55%, and DeFi perps consolidating into three DEXs. Cards could jump 1,000%, benefiting Rain.
Crypto markets are entering 2026 with a set of calls from Dragonfly Capital managing partner Haseeb Qureshi. He argues Bitcoin can break $150,000 by year-end 2026, even as its dominance slips from roughly 59% while BTC trades near $87,000. The headline is upside with dilution, as he expects the market to diversify. Qureshi says 2026 will surprise in both positive and negative ways, a reminder that headline targets do not remove drawdown risk. The bet is growth, but not comfort. For allocators, that means planning for churn, not a straight-line rally all year.
It’s that time again—as 2025 comes to a close, it’s time to drop 2026 predictions.
I think 2026 is going to surprise, both to the upside and to the downside. Organized by category:
Macro / Chains
* $BTC is > $150K by year-end, but BTC dominance decreases in 2026.
* Despite the…— Haseeb ＞|＜ (@hosseeb) December 29, 2025
Wallets, Stablecoins, and DeFi: 2026 Market Playbook
Qureshi’s other headline is distribution: he expects a major tech company such as Google, Facebook, or Apple to launch or acquire a crypto wallet in 2026, potentially bringing mainstream users into stablecoins and token rails. Wallet integration would be a growth lever, but he also expects more Fortune 100 companies to build blockchains for real-world use. Not every new chain wins: he sees fintech public chains like Tempo, Arc, and Robinhood Chain underperforming, while Ethereum and Solana outperform on daily active addresses, stablecoin flows, and RWAs. Top developers will stick to neutral chains.
Market structure is where Qureshi expects the sharpest reshuffle. He predicts perpetual products will surpass a 20% market share, and that perpetual-derivatives DEXs will consolidate into three dominant venues. Consolidation, not proliferation, is the base case, leaving the rest of the field competing for the remaining slice. He also expects equity investment to grow quickly, reaching more than 20% of total DeFi investment by the end of 2026. Prediction markets may expand, but he says 90% of products will go unnoticed and fade. AI’s impact stays narrow, mainly software engineering and security today.
Stablecoins are the other engine in his outlook. He projects stablecoin supply rises about 60% in 2026, with USD-denominated coins maintaining a share of 99% or higher as the sector scales. USDT’s dominance would drift lower to about 55%, a sign of diversification rather than collapse. He expects stablecoin-backed cards to expand by 1,000%, with Rain positioned as a key beneficiary and a primary route into new markets. On policy, he expects the Clarity Act to become law, though it will require negotiation. And in a surprise aside, he sounded bullish on Zcash.
