Crypto Market Resilience Compared to 2022: Dragonfly’s Qureshi Offers Perspective

Dragonfly managing partner Haseeb Qureshi offers a stark contrast to the volatility of the crypto market in recent years, highlighting its relative stability compared to the turbulent 2022 crash. The decline in Bitcoin’s price by 7%, affecting major ETFs with significant outflows, is seen as manageable without indicating a systemic threat. Notably, there are no immediate protocol-level risks or governance votes suggesting a crisis like those observed in 2022. Qureshi emphasizes that the current market environment displays resilience and stability, while acknowledging the volatility currently present.