Dragonfly Managing Partner Haseeb Qureshi posted on X that Kyle Samani's departure is saddening. He said he represented the changing times more than anyone else. Kyle was rebellious and unconventional; he almost believed that if he could refute his opponents, he could make anything happen. His departure is the truest sign of our industry maturing – the real end of the Wild West era. Pioneers are fundamentally different from later settlers; it's human nature. Haseeb added, "I remain very bullish on cryptocurrency. I know it's strange to say this in such volatile markets, where people have little patience for dreams that might take a decade to realize. The era of dreamers is over; the era of doers is coming. This is neither a good thing nor a bad thing – it's just how it is. Kyle leaving Multicoin doesn't mean the end of cryptocurrency venture capital; it's just the end of the initial phase."