Haseeb Qureshi, Managing Partner at Dragonfly, asserts that the crypto industry is not being overshadowed by AI, but is experiencing a normal market adjustment. He emphasizes that the shift in capital flows towards AI is a typical capitalist function, not a sign of crypto's decline. Qureshi highlights that while AI tools have seen widespread adoption, with 80% of Americans trying them, only 15% have held cryptocurrency, indicating significant room for growth. Qureshi points out that the fundamentals of the crypto industry remain robust, with stablecoins growing at an annual rate of 50% and the total crypto market size holding steady at $2 trillion. He views the current venture capital focus on AI as a correction from previous overfunding in crypto, not a downturn. Dragonfly's recent $650 million fund reflects confidence in the sector's resilience. Qureshi remains cautious about AI's role in crypto's future, suggesting it will take years for AI to significantly integrate with cryptocurrency.