Kyle Samani's Departure Marks End of an Era in Crypto Industry

Dragonfly Managing Partner Haseeb Qureshi expressed on X that Kyle Samani's exit from the crypto scene is poignant. According to Odaily, Qureshi noted that Samani epitomized the changing times more than anyone else. Known for his rebellious and unconventional nature, Samani believed in achieving success by countering opposition. His departure signifies the industry's maturation and the true end of the Wild West era, highlighting the contrast between pioneers and settlers. Qureshi further stated, "I remain optimistic about cryptocurrency. It may seem odd to express this amid market volatility, as patience for dreams that may take a decade to realize is waning. The era of dreamers has concluded, and the era of doers is emerging. This shift is neither inherently good nor bad—it simply is. Kyle's departure from Multicoin does not signal the end of crypto venture capital but rather the conclusion of its initial phase."