Hunter Horsley, the CEO of Bitwise Asset Management, has predicted that the economic policies under the Trump administration could significantly accelerate mergers and acquisitions (M&As) in the cryptocurrency sector.
In a recent tweet, Horsley suggested that potential deregulation of M&A processes could pave the way for major tech giants, such as Google and Amazon, to further consolidate their power. These companies, which are already exploring blockchain technology and digital assets, could leverage strategic acquisitions to expand their reach and increase their market share.
M&As—when companies merge or one acquires another—are often used to drive economies of scale and enhance market dominance. Horsley believes that as large corporations continue to dominate, the demand for decentralized systems like cryptocurrency could intensify. This aligns with the fundamental philosophy of crypto, which champions alternatives to centralized power structures.
Both Google and Amazon have made strides in blockchain technology. Amazon Web Services has rolled out Amazon Managed Blockchain, allowing businesses to create scalable blockchain networks. Similarly, Google has integrated blockchain capabilities into Google Cloud, offering Blockchain-as-a-Service to facilitate the development of decentralized applications.
These efforts signal a growing interest in blockchain, not only as a technological innovation but as a potential business model enhancement. By aligning with blockchain initiatives and broadening their infrastructure, these corporate giants are helping to drive the adoption of decentralized systems, all while pursuing traditional corporate strategies like mergers and acquisitions.
Horsley’s comments come as the cryptocurrency market has seen a significant rebound following Trump’s re-election, which has been met with enthusiasm from many in the crypto community. The Trump administration’s business-friendly stance and perceived regulatory ease have contributed to a bullish trend in digital assets.
Since Trump’s electoral victory, Bitcoin, for instance, has experienced a remarkable surge—rising from approximately $69,000 on November 8, 2024, to over $100,000 by early December. Experts attribute much of this growth to the expectation of relaxed regulations, which are believed to create a more favorable environment for cryptocurrency.
Horsley, who has led Bitwise—a firm that has specialized in cryptocurrency investments for seven years—believes that the combination of regulatory shifts and the influence of major players will define the future of the cryptocurrency and digital asset markets. As we move into 2025, Horsley anticipates this convergence will foster an era of heightened M&A activity and further market consolidation.
Bitwise, known for its range of crypto investment products—including funds and ETFs—continues to be a key player in the space, providing investors with exposure to the expanding Web3 and digital asset sectors.
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