On April 6, Haseeb Qureshi – Managing Partner at Dragonfly Capital – shared his perspective on Odaily News, analyzing the current cryptocurrency market trend. According to him, Bitcoin's price remains stable largely due to its simultaneous possession of two prominent features: similar to gold in its role as a safe-haven asset and similar to Nasdaq in reflecting the speculative trend of the technology market.

Haseeb described Bitcoin as "existing in a gap" between the strong surge in gold prices and the weakness of tech stocks, allowing the largest cryptocurrency to maintain good prices in a highly volatile macroeconomic context. He also emphasized that continuous buying activity from MicroStrategy – the company led by Michael Saylor – has played a strong supporting role for BTC's price recently.

Regarding monetary policy, Haseeb noted that the market expects the US Federal Reserve (Fed) to soon cut interest rates and restart quantitative easing. In this context, Altcoins – the group of assets considered to have the highest risk – will typically be the first beneficiaries, as investors accept high risks to seek large profits.

An important point Haseeb mentioned is that Altcoins are not directly impacted by tariffs like stocks or bonds, which helps them maintain a certain level of independence from global trade policies.

Additionally, he analyzed the difference between institutional and individual investors. According to Haseeb, last Friday, the stock market saw individual Capital "dip buying", while institutional funds significantly withdrew. However, since the Altcoin market is still primarily controlled by small investors, Capital sources have not experienced much volatility, helping Altcoin prices maintain relative stability.