[Block Rhythm] On June 17, Haseeb Qureshi, Managing Partner at Dragonfly Capital, stated on social media, "Every cycle, entrepreneurs chase after 'hot money'. The last cycle meant token issuance. The encryption capital market was exceptionally vibrant then. This cycle is about pushing tokens into the stock market, similar to a 'financial company' model. But hot money never stays for too long, and financial companies will not become the ultimate mainstream. I guess this model can last for about 1-2 years until the heat fades."
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GasFeeLady
· 20h ago
smh... just like gas fees during a bull run, hot money never stays cheap for long
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ZKProofster
· 06-17 10:04
technically speaking, market cycles are just mathematical patterns... *yawns*
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CryptoHistoryClass
· 06-17 10:04
*checks historical charts* same pattern as the 1999-2000 hot money rotation before nasdaq imploded
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AirdropHuntress
· 06-17 10:01
Another cycle of capital flow, sigh.
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GateUser-cff9c776
· 06-17 09:56
Hot money is always looking for the next suckers.
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SatoshiHeir
· 06-17 09:49
The theory of hot money flow has failed, and on-chain data has been falsified, leaving no room for debate.
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SmartContractPlumber
· 06-17 09:46
Becoming a financial company is also a kind of loophole.
Dragonfly Partners: The hot money in encryption has shifted to the stock market and may retreat after 1-2 years.
[Block Rhythm] On June 17, Haseeb Qureshi, Managing Partner at Dragonfly Capital, stated on social media, "Every cycle, entrepreneurs chase after 'hot money'. The last cycle meant token issuance. The encryption capital market was exceptionally vibrant then. This cycle is about pushing tokens into the stock market, similar to a 'financial company' model. But hot money never stays for too long, and financial companies will not become the ultimate mainstream. I guess this model can last for about 1-2 years until the heat fades."
*yawns*