$150K Bitcoin on Horizon as Major Tech Giant Prepares 2026 Wallet Launch
A major player in the tech space is reportedly preparing to launch its own native crypto wallet in 2026. This is a big deal if Dragonfly...
Quick overview
- A major tech player is set to launch a native crypto wallet in 2026, signaling deeper integration of blockchain in Big Tech and Fortune 100 firms.
- Haseeb Qureshi believes fintech layer-1 blockchains will struggle to attract developers and users due to established networks like Ethereum and Solana.
- He predicts Bitcoin could reach $150,000 by the end of 2026, while the stablecoin market may nearly double in size to $500 billion.
- Qureshi emphasizes that 2026 will focus on infrastructure maturity, with significant developments in blockchain adoption and stablecoin growth.
A major player in the tech space is reportedly preparing to launch its own native crypto wallet in 2026. This is a big deal if Dragonfly managing partner Haseeb Qureshi is to be believed. Just recently, he took to X to share his thoughts, and the guy reckons this is only the beginning for Big Tech and Fortune 100 firms when it comes to getting all deep and integrated with blockchain infrastructure. Payments, custody, and settlement are all areas where you can expect to see some real action.
A lot of this is going to come from banks and fintech companies that are already dabbling with blockchain rails.
Rather than trying to build their own public networks, the expectation is that they’ll roll out their own permissioned or semi-private chains that are hooked up to existing ecosystems. Tools such as OP Stack, Orbit, ZK Stack, and the Avalanche infrastructure should be at the centre of these efforts.
Why Fintech Layer-1 Chains May Fail
Despite all the experimentation, Qureshi doesn’t think that layer-1 blockchains built by fintechs will make much of a dent. In his view, these networks will struggle to get enough developers and users to jump ship and sign up for something new when there’s already so much activity, liquidity, and tooling on established networks like Ethereum and Solana.
Qureshi reckons the strongest developers just aren’t that interested in jumping onto “neutral infrastructure” – i.e., infrastructure that some big corporation does not control. He says once you get network effects going, it’s a real challenge to replicate them – especially for a new chain when you’ve already got public chains processing billions of dollars worth of on-chain value.
There are a few reasons why fintech L1s might struggle to get off the ground, including:
- Less attractive to developers than Ethereum and Solana
- Permissioned designs make it hard for new users to jump in
- They’re just not as liquid and don’t have all the same applications as some of the other chains
- Not enough going on globally for these chains to really take off
- Relying on corporate governance models isn’t ideal
It’s a challenge for them, really, so they might end up being more of a niche thing, used internally rather than competing with the big public settlement layers.
Bitcoin, Stablecoins, and Crypto’s 2026 Outlook
Qureshi also dropped some positive vibes for Bitcoin, saying he thinks its price could top $150,000 by the end of 2026, even though it will be a smaller part of the overall crypto market than it is now. That’s in contrast to Galaxy Digital, which was a bit chicken to put a number on it, saying anything from $50,000 to $250,000 because of how hard it is to forecast with all the macro uncertainty in the world.
At the same time, he’s expecting the stablecoin market to nearly double in size next year, from $312 billion to $500 billion. Meanwhile, Tether (USDT) is still miles ahead in terms of market share, but that’s going to change as new competition piles in – Qureshi thinks their share could slide to 55%.
He’s also a big fan of prediction markets – calling them one of the most promising real-world applications for crypto right now. Meanwhile, he’s a bit more downbeat on the chances of AI taking off in the world of blockchain next year – he reckons AI agents won’t really be doing any serious business with money for a while yet.
So in the end, 2026 is going to be all about infrastructure maturity – with Big Tech adoption of blockchain, the growth of stablecoins, and a bigger and more established Bitcoin driving the next phase of crypto.
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