‘Bitcoin Is In A Massive Identity Crisis,’ Says Crucible Founder – Biggest Opportunity Is AI, Tokenized Commodities

Crucible Capital founder Meltem Demirors said crypto is facing an “identity crisis” as institutional adoption through spot Bitcoin ETFs fails to improve Bitcoin’s real-world utility.

Only ETF Is Not Useful

Speaking in a Fox Business interview on May 25, Demirors argued Wall Street’s embrace of crypto has shifted the industry away from its original mission of rebuilding financial infrastructure.

 “Crypto has been colonized by incumbent financial institutions,” she said as AI infrastructure spending explodes globally.

Also, crypto-native financing tools can help companies access capital faster and cheaper without relying on banks.

“The GPU race and AI buildout is the biggest infrastructure buildout …

Full story available on Benzinga.com