Bitcoin Mining and Data Centers Follow Oil and Gas Evolution Pattern, Says Meltem Demirors

Meltem Demirors, general partner and founder at Crucible Capital Group, has drawn parallels between the evolution of oil and gas, bitcoin mining, and data centers. According to her, the shift from one industry to another is evidence that 'time is a flat circle for deep technology industries'.

Demirors spoke about the intense social and political backlash faced by the oil and gas industry during her years working there between 2009 and 2013. She compared this backlash to the current challenges faced by bitcoin mining and data centers.

This ongoing transformation is a natural progression of deep technology industries, Demirors suggests. Her comments reflect her continued focus on financial strategy amid shifting industry conditions.