Dragonfly managing partner Haseeb has dismissed claims that current market sentiment is worse than during the FTX collapse, attributing such views to the "recency effect." He emphasized that the FTX collapse was a significant systemic crisis, with fears of a global ban on the crypto industry. In contrast, despite recent price declines, industry fundamentals remain robust, with improvements in regulatory outlook, institutional adoption, and stablecoin growth. Haseeb highlighted that while recovery will take time, the overall development outlook for the crypto industry is positive.