Haseeb Qureshi: Hyperliquid And Onchain Perps Will Eat Binance (Full Thesis & Timeline)

Haseeb Qureshi joins to catch us up on his portfolio, why he's extremely bullish on perps, tokenization, and prediction markets.

He explains how more than half of Hyperliquid's volume is already real-world assets, which means the competitor isn't Coinbase, it's ICE and the Nasdaq, and the addressable market is enormous by comparison. He ranks the big categories Dragonfly is allocating $4 billion across, calls vaults the weakest of them on defensibility, and explains why perps beat tokenization over the next year even if that reverses in five. He also breaks down why every state attorney general is suing prediction markets, and why this ends as a Supreme Court vote.

Haseeb Qureshi is a Managing Partner at Dragonfly, a digital assets venture capital firm.

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