AI value chain to follow Bitcoin financialization, Meltem Demirors argues

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11.09.2026

AI value chain to follow Bitcoin financialization, Meltem Demirors argues — Crucible thesis on AI and Bitcoin

Meltem Demirors, general partner and founder at Crucible Capital Group, reflects on Crucible turning two years old. Demirors shares that her initial infrastructure thesis was correct, but her token outlook was off, noting it is not just about Bitcoin but about intelligence.

She explains that Crucible invests with the belief that the financialization of the AI value chain will mirror the evolution seen in Bitcoin.

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