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Bitcoin faces identity crisis as institutional ETFs fail to boost real-world use, AI and tokenized commodities seen as future.

Market News
25 May 2026
Benzinga
View Source
Neutral
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Meltem Demirors, founder of Crucible Capital, stated that Bitcoin is undergoing a major identity crisis because institutional adoption through spot Bitcoin ETFs has not improved its practical utility. She criticized Wall Street's influence on crypto, saying it has shifted focus away from rebuilding financial infrastructure. Instead, she highlighted the growing importance of AI infrastructure and tokenized commodities as the biggest opportunities in the crypto space. Demirors remains bullish on crypto's long-term role, viewing blockchain as a new financial layer enabling faster settlements and new asset classes, but emphasized that the game has changed due to AI advancements.

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