“In a Starved Universe, Bitcoin Offers Growth.”

Published on
November 18th, 2021
Duration
58 minutes


“In a Starved Universe, Bitcoin Offers Growth.”

The Interview - Crypto ·
Featuring Haseeb Qureshi & Ash Bennington

Published on: November 18th, 2021 • Duration: 58 minutes

“I came to this space as a technologist," says Haseeb Qureshi, the managing partner at Dragonfly Capital. "The way that I understand the value creation in crypto, a lot of it comes from foundational innovation in technology. Bitcoin itself was a computer science innovation and a distributed system innovation just as much as it was a monetary innovation.” In this interview, Qureshi offers his views on Bitcoin and technical expertise on cryptocurrencies and capital allocation. He adds, “Bitcoin is not going away, it is becoming even bigger.” Qureshi argues that, in a universe that is starved for growth, cryptocurrencies are one of the few areas that everyone knows is going to grow. With the acceleration toward the use of cryptocurrencies, Qureshi’s job as a venture capitalist has become even more difficult. A company must provide utility to be investable, and utility can be even harder to spot in a market frenzy such as what we are seeing in cryptocurrencies. In this interview, Qureshi explains how he uses his technical background to set apart the valuable companies from the coins with no value, or “sh**coins,” as many call them. Interviewed by Ash Bennington on November 12, 2021.