Overview
- Bitcoin closed a volatile 2025 about 6% lower and roughly 30% below its October record near $126,000, with prices hovering around the high-$80,000s as ETF inflows reversed and trading reflected more macro-sensitive, institutional behavior.
- Dragonfly’s Haseeb Qureshi forecasts bitcoin finishing 2026 above $150,000 even as its market share shrinks, arguing activity will broaden across the sector.
- He predicts at least one major technology company will launch or acquire a native crypto wallet next year, a distribution move that is unconfirmed but could expose billions of users to digital assets.
- Qureshi expects stablecoin supply to expand by about 60% toward roughly $500 billion in 2026, with USDT’s dominance easing and payments rails and card programs accelerating especially in emerging markets.
- He sees DeFi market structure consolidating to a few dominant perpetuals venues and flags reputational risks, while coverage also highlights the CLARITY Act, expected Fed easing and dollar weakness as key 2026 catalysts.