The CEO of the largest cryptocurrency index fund company expressed optimism about the impact of economic policy on the digital asset sector at an official meeting the return of Donald Trump to the White House this month.
Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insights into how the Trump administration could transform the cryptocurrency industry.
Deregulation of mergers and acquisitions
Horsley believes the policies expected to be implemented by the incoming Trump administration could fuel economic growth cryptocurrency sector to up-to-date heights, especially by liberalizing mergers and acquisitions, arguing that this could enable major US companies to further expand their businesses through strategic acquisitions.
Bitwise’s CEO believes President-elect Trump may “unfreeze” mergers and acquisitions, a welcome development for the country’s largest companies as they look to strengthen their business positions.
“Large corporates – 7 mag, etc. – may finally be able to leverage their market capitalization,” Horsley said.
He noted that, for example, retail giant Amazon could acquire Instacart and search engine powerhouse Google could buy Uber, saying: “The big may get bigger and the middle may shrink.”
The Trump administration may unblock mergers and acquisitions.
Gigantic corporations – 7 mag etc. – may finally be able to leverage their market capitalization. Amazon could buy Instacart. Google may buy Uber. etc. etc
The vast one may enlarge and the center may shrink.
If this happens, I think it will speed up…
— Hunter Horsley (@HHorsley) January 5, 2025
Cryptocurrency acceleration
Horsley suggested that allowing major U.S. companies to make strategic acquisitions could accelerate the adoption of decentralized systems, benefiting the cryptocurrency landscape.
“If this happens, I think it will accelerate cryptocurrencies,” Horsley said in the post.
The director of a cryptocurrency index fund believes that if vast corporations gain more control, demand for cryptocurrencies could skyrocket as digital assets provide an alternative to these institutions.
“The conceptual idea behind cryptocurrencies is not to trust vast institutions to do what is in your best interest. They are emphasizing this more and more,” he said in a post on X.
BTC market cap currently at $2.02 trillion. Chart: TradingView.com
Industry leaders implementing cryptocurrencies
Many analysts have noted that blockchain technology and digital assets are attracting the attention of industry giants such as Amazon and Google, who are looking for opportunities to become part of cryptocurrency markets.
Amazon Web Services, for example, 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 formed strategic alliances with key blockchain initiatives and joined campaigns that call for the integration of blockchain technology with cloud infrastructure, expanding the search engine’s reach in the cryptocurrency sector.
On Google Cloud, companies can now find blockchain as a service, which offers them the ability to create and deploy decentralized applications.
Bitcoin price breaking the $100k level today. Source: CoinMarketCap
Horsley’s announcement is timely as the cryptocurrency market is currently enjoying the positive outlook brought by Trump, who is perceived as pro-crypto.
Trump’s election victory fuels the development of the digital asset market, where investors have noticed Bitcoin exceed the $100,000 mark in early December from about $69,000 in early November.
Featured image from Fox News Screengrab/AsiaTimes, chart from TradingView