Hunter Horsley links corporate power consolidation to crypto demand.
The CEO of Bitwise Asset Management, Hunter Horsley, has suggested that the economic policies of the Trump administration could have a major impact on the cryptocurrency sector.
In a recent tweet, Horsley noted that the potential deregulation of mergers and acquisitions could allow major companies like Google or Amazon to expand even further through strategic acquisitions. M&As refer to the consolidation of companies, either through the merging of businesses or the purchase of one company by another. This process often helps corporations achieve economies of scale, expand market share, or acquire critical assets.
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
Horsley argued that this concentration of power could drive the adoption of decentralized systems, aligning with the core tenet of cryptocurrency: the skepticism toward centralized organizations. He believes that as large corporations gain more control, the demand for cryptocurrencies—designed to offer an alternative to such institutions—could grow.
Corporate behemoths like Google and Amazon are becoming increasingly interested in blockchain technology and digital assets as they look for ways to enter the crypto markets. One example of a blockchain-related service that Amazon Web Services has introduced is Amazon Managed Blockchain, which enables companies to create and oversee scalable blockchain networks. With this action, Amazon establishes itself as a major force in the expanding enterprise blockchain market.
By establishing strategic alliances with prominent blockchain initiatives and participating in campaigns to incorporate blockchain technology into its cloud infrastructure, Google has also increased its presence in the cryptocurrency sector. Blockchain-as-a-service is now available on Google Cloud, allowing companies to create and implement decentralized apps.
These initiatives demonstrate how major companies are using blockchain technology to diversify their business models while leveraging traditional M&As to expand their reach, thereby further driving the adoption of decentralized systems.
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Horsley’s statement comes amid a major rebound in the cryptocurrency market, following Donald Trump’s recent re-election. Trump’s victory has been welcomed by many in the cryptocurrency industry, given his pro-business stance and policies that are seen as supportive of digital assets and blockchain technology. These policies have fueled a bullish trend in the market, with experts attributing much of the surge to a more favorable regulatory approach under Trump’s administration.
Since Trump’s election win, the cryptocurrency market has seen notable growth, with the biggest example being Bitcoin which surged from approximately $69,000 on Nov. 8, 2024, to over $100,000 in early December.
Bitcoin 1D chart | Source: crypto.news
This increase has been largely driven by political shifts and the anticipation of loosened regulations, which experts believe will create a more conducive environment for digital assets.
Experts also believe this rise is driven by the political shift and the potential loosening of regulations, which may create a more favorable environment for digital assets.
Horsley is the CEO of Bitwise, an investment firm that has exclusively focused on cryptocurrency investments for the past seven years. The company offers a range of products including crypto-focused funds, ETFs, and others, designed to provide investors exposure to the crypto and Web3 markets.
According to Horsley, the influence of major market players—along with regulatory changes—could shape the future of both digital assets and traditional financial systems in 2025, making this an exciting time for both M&A activity and the cryptocurrency sector.
