Big Tech Crypto Wallets Coming — Fintech L1s Set to Struggle (2026 Outlook)
■ Dragonfly’s Haseeb Qureshi predicts a major Big Tech firm (Apple / Google / Meta) will launch or acquire a crypto wallet in 2026, potentially onboarding billions
■ Fortune 100 banks & fintechs expected to launch permissioned blockchains using Avalanche, OP Stack, Orbit, or ZK Stack
■ These chains will stay connected to public networks, not replace them
Why fintech L1s will fail
■ Fintech-built public L1s won’t attract enough users or liquidity
■ Metrics like daily active addresses, stablecoin flows, and RWAs will underperform
■ Ethereum & Solana will continue to dominate as neutral infrastructure
■ Top developers will avoid corporate-controlled chains
Market forecasts
■ Bitcoin > $150K by end-2026, but
$BTC dominance declines
■ Stablecoin market +60% growth in 2026
■ USDT dominance drops from 60% → 55%
Sector outlook
■ Prediction markets: bullish
■ AI in crypto: limited to security use cases only
■ No real AI-to-AI economic activity expected in 2026
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