Bitcoin May Hit $150,000 Even as Its Grip on Crypto Weakens: Dragonfly Partner
Dragonfly accomplice Haseeb Qureshi has predicted that 2026 shall be a 12 months of sharp contrasts for the crypto market, with main beneficial properties in headline costs alongside shifts beneath the floor.
In an in depth outlook, Qureshi mentioned Bitcoin may climb above $150,000 by the tip of 2026, even as 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. Despite a number of makes an attempt, the asset has remained caught under the $90,000 degree and has didn’t construct on its all-time high of round $126,000 reached in October. According to Qureshi, this uneven efficiency doesn’t rule out a robust comeback.
Instead, he expects BTC’s value to rise considerably whereas capital steadily rotates into different massive networks, which is predicted to cut back Bitcoin’s share of the full crypto market. He steered that this sample would replicate a extra mature market, the place buyers are more and more prepared 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 such as Mr Wall Street and Doctor Profit describe the present setting 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 Activity to Big Tech Wallets
Moving past Bitcoin, Qureshi mentioned Ethereum and Solana are more likely to “overdeliver” in 2026, as they profit from sturdy developer exercise and their positions as impartial infrastructure layers.
At the identical time, he warned that a number of newer chains, notably these carefully tied to monetary companies and consumer-facing fintech use instances, could fail to dwell as much as the thrill surrounding them. While these tasks have attracted consideration for focusing on areas such as funds, stablecoins, and real-world property, Qureshi expects their on-chain exercise metrics, together with each day lively customers and transaction flows, to disappoint.
He mentioned the most effective builders are nonetheless more likely to focus on established, open platforms relatively than networks which can be extra tightly related to particular corporations or enterprise fashions. As a outcome, Ethereum and Solana may very effectively proceed to draw expertise and utilization, whereas some newer chains wrestle to transform early curiosity into lasting traction.
Qureshi additionally made a broader prediction about company adoption, whereby he mentioned that 2026 may very well be a turning level for crypto’s relationship with Big Tech. He expects that not less than one main expertise firm, such as Google, Apple, or Meta, will both launch its personal crypto pockets or purchase an present one.
According to Qureshi, such a transfer would basically point out that crypto wallets have gotten an ordinary a part of digital monetary infrastructure relatively than a distinct segment product for lovers. He additionally added that extra Fortune 100 corporations are more likely to start utilizing blockchain rails as effectively, notably within the banking and fintech sectors. However, 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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