Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Dragonfly Managing Partner: If you don’t like cryptocurrencies, go short the market and see the results in three years
2025-04-01 02:30

Odaily News Haseeb Qureshi, managing partner of Dragonfly, responded to the market's pessimistic voices on the crypto industry in a post on the X platform, saying that he has been a venture capitalist in the crypto industry for nearly 8 years, and during this period he has repeatedly heard remarks such as "no one will buy these tokens", "the truth of the industry has been revealed", and "there will be no more returns".
He said that crypto VC fundraising was extremely difficult in 2018/2019, but reality has proven that the cycle will restart. He emphasized: "If you really don't like crypto, then take out real money to short the market. We will compare the results in three years."