The top executive of the largest cryptocurrency index fund company expressed optimism about the impact of economic policies in the digital asset sector on the official the return of Donald Trump to the White House this month.
Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insight into how the Trump administration could transform the cryptocurrency industry.
Deregulation of M&A
Horsley believes that the policies that the new Trump administration is supposed to implement could set it in motion cryptocurrency sector to new heights, especially the liberalization of mergers and acquisitions, saying that it could allow large American companies to further expand their operations through strategic acquisitions.
Bitwise’s CEO believes President-elect Trump could “unfreeze” mergers and acquisitions, a welcome development for the country’s big companies to boost their operations.
“Big companies – mag 7, etc. – maybe they could finally realize their market capitalization,” Horsley said.
He noted that, for example, retail giant Amazon could buy Instacart, or search engine powerhouse Google could buy Uber, saying, “Big can get bigger and medium can shrink.
The Trump administration could unfreeze M&A.
Big companies — mag 7, etc — may finally be able to realize their market cap. Amazon could buy Instacart. Google could buy Uber. etc. etc
A large one can get bigger and a medium one can shrink.
If that happens, I think it will accelerate…
— Hunter Horsley (@HHorsley) January 5, 2025
Cryptocurrency Acceleration
Horsley suggested that allowing large US companies to make strategic acquisitions could encourage the adoption of decentralized systems, which would benefit the cryptocurrency landscape.
“If that happens, I think it will accelerate crypto,” Horsley said in the post.
The CEO of a crypto index fund believes that if large corporations accumulate more control, demand for cryptocurrencies may increase as digital assets serve as an alternative to these institutions.
“The conceptual premise of crypto is not to trust big institutions to do what’s in your best interest.” The big increase highlights that,” he claims in the X post.
BTC market cap currently at $2.02 trillion. Chart: TradingView.com
Industry leaders are adopting crypto
Many analysts have noted that blockchain technology and digital assets are attracting the attention of industry giants like Amazon and Google who are finding opportunities to become part of the cryptocurrency market.
For example, Amazon Web Services launched Amazon Managed Blockchain, the retail giant’s own blockchain service. It enables companies to create and manage scalable blockchain networks, making Amazon a major player in the blockchain market.
Strategic partnerships
Meanwhile, Google has established strategic alliances with key blockchain initiatives and joined campaigns encouraging the integration of blockchain technology into its cloud infrastructure, increasing the search engine’s footprint in the cryptocurrency sector.
On Google Cloud, businesses can now find blockchain-as-a-service that offers them the opportunity to create and deploy decentralized applications.
Bitcoin price breaking the $100k level today. Source: CoinMarketCap
Horsley’s statement is timely as the cryptocurrency market is currently enjoying the positive outlook brought by Trump who is considered to be pro-crypto.
Trump’s election victory is fueling the growth of the digital asset market, where investors saw bitcoin exceed the $100,000 level in early December, with about $69,000 in early November.
Featured image from Fox News Screengrab/AsiaTimes, chart from TradingView
