Dragonfly Managing Partner: Founders chase "hot money" every cycle, and this cycle is about bringing tokens to the stock market

Haseeb Qureshi, managing partner at Dragonfly, tweeted: "Every cycle, founders are chasing hot money. Last cycle, that meant issuing tokens. Crypto capital markets are hot. In this cycle, it will bring tokens to the stock market (just like finance companies). But hot money never stops and I reckon it will take another year or two to subside."