A senior executive at the largest cryptocurrency index fund company expressed optimism about the impact of economic policies on the digital assets sector at the official level. The return of Donald Trump To the White House this month.
Hunter Horsley, CEO of Bitwise Asset Management, recently provided fascinating insights into how the Trump administration will transform the cryptocurrency industry.
Liberalization of mergers and acquisitions
Horsley believes that the policies implemented by the incoming Trump administration could drive change Cryptocurrency sector to new heights, especially the liberalization of mergers and acquisitions, saying it could allow major US companies to expand their businesses further through strategic acquisitions.
Bitwise’s CEO believes President-elect Trump may “unfreeze” mergers and acquisitions, a welcome development for the country’s major companies to strengthen their business footholds.
“The big companies — MAG 7, etc. — may finally be able to exercise their market value,” Horsley said.
For example, he noted, retail giant Amazon could acquire Instacart, or search engine powerhouse Google could buy Uber, saying: “Large may get bigger, medium may shrink.”
The Trump administration may unfreeze mergers and acquisitions.
The big companies – Mag 7, etc. – may finally be able to capitalize on their market value. Amazon can buy Instacart. Google may buy Uber. Etc etc
The large may grow, and the middle may shrink.
If that happens, I think it will accelerate…
– Hunter Horsley (@HHorsley) January 5, 2025
Cryptocurrency acceleration
Horsley suggested that allowing major US companies to make strategic acquisitions could fuel the adoption of decentralized systems, benefiting the cryptocurrency scene.
“If that happens, I think it will accelerate the pace of cryptocurrencies,” Horsley said in a post.
The CEO of a cryptocurrency index fund believes that if large corporations gain more control, demand for cryptocurrencies could rise as digital assets act as an alternative to these institutions.
“The conceptual premise of cryptocurrencies is that you don’t trust large institutions to do what’s in your best interest. The surge highlights this,” he claimed in the X post.
BTC market cap currently at $2.02 trillion. Chart: TradingView.com
Industry leaders are embracing 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 seeing opportunities to become part of the cryptocurrency markets.
For example, Amazon Web Services launched Amazon Managed Blockchain, the service linked to the retail giant’s blockchain. It allows companies to create and manage scalable blockchain networks, turning Amazon into a major player in the blockchain market.
Strategic partnerships
At the same time, Google has established strategic alliances with major blockchain initiatives and joined campaigns pushing for the integration of blockchain technology into its cloud infrastructure, increasing the search engine’s footprint in the cryptocurrency sector.
On Google Cloud, companies can now find blockchain as a service which provides them the opportunity to create and implement decentralized applications.
Bitcoin price breaking the $100k level today. Source: CoinMarketCap
Horsley’s statement is timely given that the cryptocurrency market is currently enjoying a positive outlook presented by Trump who is seen as a supporter of cryptocurrencies.
Trump’s electoral victory fueled the growth of the digital asset market as investors saw Bitcoin It crossed the $100,000 level in early December, from about $69,000 in early November.
Featured image from Fox News Screengrab/AsiaTimes, chart from TradingView
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