Svmuu News: As artificial intelligence continues to attract significant venture capital and market attention, some industry insiders are beginning to worry whether the crypto industry has already missed its own “ChatGPT moment.” In response, Haseeb Qureshi, managing partner at crypto investment firm Dragonfly, stated that this comparison is based on a misunderstanding; the crypto industry has not been replaced by AI, and shifts in capital flows are simply “the result of capitalism functioning normally.” Qureshi pointed out that AI and crypto products are fundamentally different in nature. Most current AI users rely on free services, whereas crypto assets do not have a “free tier.” He noted that approximately 80% of Americans have tried AI tools, while about 15% have held crypto assets—figures that already constitute mainstream adoption. He believes the core fundamentals of the crypto industry remain solid, particularly given the standout growth of stablecoins, whose supply continues to grow at an annual rate of about 50%. Although market sentiment has cooled somewhat, the total market capitalization of crypto assets remains around $2 trillion. The industry features high technological leverage, allowing small teams to build projects on a global scale. Regarding the noticeable shift of venture capital toward the AI sector, Qureshi believes this does not signal a decline in the crypto industry, but rather a market correction following the over-funding of previous years. He stated that increasing investment during market downturns is actually a more rational strategy, and Dragonfly’s recent announcement of a new $650 million fund is based precisely on this assessment. Regarding the prospects of combining AI and crypto, Qureshi remains cautious. He believes it will take several more years before AI agents adopt crypto technology on a truly large scale, and that AI will not be the “savior” of the crypto industry’s recovery. Qureshi concluded that the crypto industry is currently facing cyclical fluctuations rather than a structural recession, and that market volatility is a normal part of long-term development. “There is no need for excessive pessimism; this is not a disaster.”