Dragonfly exec: Big Tech wallet in 2026; fintech L1s lag
A major technology company is expected to integrate a crypto wallet in 2026, and additional Fortune 100 firms are likely to launch their own blockchains, according to Haseeb Qureshi, managing partner at crypto venture firm Dragonfly.
Qureshi also forecast that fintech companies building layer-1 networks to compete with public chains such as Ethereum and Solana will struggle to attract sufficient users.
In a post on X on Monday, Qureshi said much of the Fortune 100 participation will come from banking and fintech groups, with many leveraging the Avalanche blockchain and toolkits including OP Stack, Orbit, and ZK Stack. He said these setups would enable more private, permissioned networks while maintaining connectivity to a public blockchain.
Source: Haseeb Qureshi
Several Fortune 100 financial services firms have already developed private blockchains, including JPMorgan, Bank of America, Goldman Sachs, and IBM, though many remain in testing or limited deployments.
Earlier this month, crypto investment firm Galaxy Digital projected that at least one Fortune 500 bank, cloud provider, or e-commerce platform would roll out a layer-1 blockchain in 2026 that settles more than $1 billion in real economic activity and builds a bridge for decentralized finance access.
Qureshi further anticipates that one of the largest technology companies — potentially Google, Meta, or Apple — will launch or acquire a crypto wallet in 2026, a move that could introduce billions of users to digital assets.
Fintech-built public chains unlikely to challenge Ethereum and Solana
Qureshi is not optimistic about new fintech-created layer-1 networks, arguing they will not gather enough users or on-chain activity to rival crypto-native ecosystems such as Ethereum and Solana.
He said metrics including daily active addresses, stablecoin flows, and real-world assets will fall short on networks such as Tempo, Arc, and Robinhood Chain, while Ethereum and Solana exceed expectations. He added that top developers will continue building on neutral infrastructure chains.
Bitcoin could exceed $150K but see declining dominance
For prices, Qureshi expects Bitcoin to trade above $150,000 by the end of 2026, while forecasting a decline in Bitcoin’s market dominance.
Galaxy Digital did not issue a firm outlook, calling 2026 “too chaotic” to predict and suggesting the price could land anywhere between $50,000 and $250,000 by year-end.
Qureshi also projects the $312 billion stablecoin market will expand by 60% in 2026, with Tether (USDT) market share slipping from 60% to 55%.
Source: Galaxy Digital
Prediction markets seen growing; limited AI use cases in crypto
Qureshi expects prediction markets to continue gaining traction next year but sees no meaningful AI applications in crypto beyond security.
“AI agents will still not be ‘paying each other’ or spending any meaningful money in 2026,” he said, adding that he does not expect an effective solution to the proliferation of spambots on social platforms.
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
