Haseeb Qureshi, managing partner of Dragonfly, tweeted that founders chase hot money in every cycle. In the last cycle, this meant issuing tokens when the crypto capital market was booming. In this cycle, it will bring tokens into the stock market (just like financial companies). But hot money will never stop, and I estimate that this heat will take another one or two years to cool down.
Dragonfly Partner: Hot money is pouring into crypto equity, and the heat may continue for another year or two
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