Crypto May Converge With Broader Frontier Tech After One or Two Cycles

Crypto could converge with the broader frontier technology market after one or two market cycles, Alliance co-founder Imran Khan said, as limited partners at a dinner discussed whether crypto-focused venture firms still have a role.

Participants generally saw a continued need for those firms, Khan said, and viewed integration with newer fields as a source of long-term opportunity. He characterized broader technology markets’ validation of crypto’s value as a sign of industry maturity.

Khan said the pool of crypto-only investment opportunities has narrowed since 2020, making it harder for large funds to scale returns through crypto alone. He described expansion into robotics and embodied AI as a logical response.

Young technical talent is moving toward AI and robotics, Khan said. He added that Alliance data indicates more people already in crypto are leaving large companies to start ventures independently. The discussion follows Michael Dempsey’s earlier comments on stalled crypto venture activity and the shift toward AI.