Emily Walker
An executive leader from the largest cryptocurrency index fund company has shared a hopeful perspective on how economic policies might influence the digital asset realm with the return of Donald Trump to the presidency this month.
Hunter Horsley, the CEO of Bitwise Asset Management, recently discussed the potential changes the Trump administration could bring to the cryptocurrency market.
Deregulating Mergers and Acquisitions
Horsley argues that the upcoming Trump administration’s policies may enhance the cryptocurrency market, specifically by deregulating mergers and acquisitions. He believes this change would enable major U.S. corporations to grow through strategic acquisitions.
According to him, Trump might “unfreeze” M&A activities, which would significantly benefit larger American firms in scaling their operations.
“Large corporates — mag 7, etc — may finally be able to wield their market cap,” said Horsley.
He pointed out that, for instance, Amazon could take over Instacart, or Google might acquire Uber, stating, “The big may get bigger, and the middle may shrink.”
Trump administration may unfreeze M&A.
Large corporates — mag 7, etc — may finally be able to wield their market cap. Amazon could buy Instacart. Google could buy Uber. etc etc
The big may get bigger, and the middle may shrink.
If that happens, I think it will accelerate…
— Hunter Horsley (@HHorsley) January 5, 2025
Boosting Cryptocurrency Adoption
Horsley proposed that if major U.S. firms are permitted to pursue strategic acquisitions, it could boost the adoption of decentralized systems, positively affecting the cryptocurrency environment.
“If that happens, I think it will accelerate crypto,” Horsley remarked.
He believes that as large companies gain more power, there may be increased interest in cryptocurrencies, which are seen as alternatives to traditional institutions.
“The conceptual premise of crypto is not trusting large institutions to do what’s in your best interest. The big getting bigger accentuates this,” he noted in a post on X.
Industry Leaders Embracing Cryptocurrency
Numerous analysts have noted that leading companies, including Amazon and Google, are increasingly engaged with blockchain technology and digital assets, exploring avenues to participate in the cryptocurrency market.
For instance, Amazon Web Services has introduced Amazon Managed Blockchain, a service that enables businesses to create and manage scalable blockchain networks, positioning Amazon as a key player in this sector.
Forming Strategic Alliances
Additionally, Google has formed strategic partnerships with significant blockchain projects and has engaged in initiatives advocating for the integration of blockchain into its cloud infrastructure, thus broadening its influence in the cryptocurrency field.
On Google Cloud, businesses can access blockchain-as-a-service, allowing them to develop and deploy decentralized applications.
Horsley’s insights are particularly relevant as the cryptocurrency landscape is currently experiencing favorable sentiments thanks to Trump, who is viewed as supportive of crypto.
Following Trump’s election win, the digital asset market has seen significant growth, with Bitcoin exceeding the $100,000 mark in early December, climbing from around $69,000 in early November.
Featured image from Fox News Screengrab/AsiaTimes, chart from TradingView