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
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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.
