According to Hunter Horsley, Bitwise CEO of Asset Management, he reportedly expected more mergers and acquisitions in cryptocurrency to come into force because of Trump’s economic measures. On this note, he opines that more corporate M&A deregulation could lead to a 70% increase in crypto M&As that could redefine the sector.
Bitwise CEO Horsley on Crypto Mergers Prediction
In a recent interview, Horsley explained that the potential deregulation under the Trump administration could allow big corporations such as Google or Amazon to flex their muscles and develop themselves through acquisitions. “This concentration of corporate power may accelerate an evolution toward decentralization – by design, cryptocurrency is said to embody this ethos,” Horsley said.
These are economies of scale, increased market position and acquisition of other assets as identified in M&As. According to Horsley, as big companies increasingly concentrate assets and influence, smaller outstanding systems such as cryptocurrencies will be embraced.
Big Tech’s Role in Blockchain Adoption
Google and Amazon are two of the companies that are already investing in blockchain technology. Amazon Web Services (AWS) has introduced Amazon Managed Blockchain, which provides the capability of developing a scalable blockchain network. It makes Amazon an important market player in the field of enterprise blockchain services.
Similarly, Google has expanded its blockchain ability by including Blockchain as a Service inside the Google Cloud. There is also this service that allows businesses to create and launch decentralized applications, a move that clearly shows that Google is not averse to the crypto space.
As Bitwise CEO Horsley said, ‘these activities of the technology enterprises signify the rising trend of overall blockchain implementation, aside from the ever amplifying impact of conventional M&As.”
Crypto Market Recovers from the Trump’s Re-Election
Bitwise CEO Horsley’s comments come at the same time as other cryptocurrencies bounce back to the market due to the re-election of Donald Trump. The cryptocurrency industry has also seen Trump as friendly for liberalization of the business space that is viewed to embrace digital assets and blockchain.
Since Trump’s victory, Bitcoin has risen from around $69,000 on Nov. 8, 2024, to over $100,000 in early December. Of this growth the analysts say that the anticipation of a better regulation of the industry in the future fuels it. According to market analyst Jane Doe, Trump’s administration should reduce the existing restrictions, which will be favourable for digital assets.
Bitwise CEO Vision for 2025
Since its establishment, Bitwise CEO Horsley, as the head of the company, has been working in the field of cryptocurrency investments for seven years at Bitwise. The firm has available products in the market, such as crypto funds and ETFs, that allow investors to invest directly in the growing crypto market.
According to Bitwise CEO Horsley, the major business actors and dynamics of regulatory change will determine the form and content of conventional and new finance technologies in 2025. “This is quite an encouraging time for M&A and cryptocurrency space as we adapt to these shifts,” Horsley added. Keep following The Bit Journal and keep an eye on Bitwise CEO forecasts.
FAQs
Q1: What do mergers and acquisitions (M&As) mean at all?
M&As cover the affiliation of two businesses through fusion, or one business acquiring another in a bid to achieve factors such as economy of scale, bigger markets or strategic resources.
Q2: What effect may deregulation have on the crypto industry?
Laxity of laws might result in acquisitions by large companies, thus increasing the need for more distributed systems such as cryptocurrencies.
Q3: But what do Google and Amazon do with blockchain?
Both are leveraging the use of blockchain. Currently, Amazon provides its cloud solution for Blockchain, which is called Amazon Managed Blockchain, and Google has integrated Blockchain-as-a-Service into its cloud platform, which shows that companies are looking forward to expanding their business in the domain of crypto.
Q4: How is Trump’s re-election helpful for the cryptocurrency market?
The factors leading to the rally of the cryptocurrency market include Trump’s policies favouring business and the possible end of most regulations.
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