Hunter Horsley, the CEO of digital assets management firm, Bitwise, believes that the Donald Trump administration’s deregulation of mergers and acquisitions could benefit the crypto industry. According to Horsley, consolidation by major companies will only make the decentralization that crypto offers more attractive.
In a recent post on X, the CEO of Bitwise noted that when the Trump administration unfreezes mergers and acquisitions, big tech corporations will likely buy up smaller companies, leading to fewer mid-sized companies.
He said:
“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.”
Bitwise CEO sees a bullish future for crypto
In the CEO’s opinion, the consolidation by major traditional corporations will only make the crypto industry more attractive for investors because it offers a decentralized alternative. Thus, the sector will likely see more growth in 2025.
This statement is just one of several bullish statements that Bitwise’s CEO, Horsley has made about the potential of the crypto sector in 2025. The CEO also noted that demand for Bitcoin will increase significantly this year, and that is when the market will see a clearer impact of scarcity on BTC price.
Other experts also agree with the view on the impact that deregulation could have on major corporations in coming years.
Bloomberg senior analyst Eric Balchunas noted that it would be risky to underweight the companies that constitute the Magnificient 7 as they made up acquiring more smaller companies going forward.
Crypto markets rebound
Horsley’s comments come at a time when the crypto market is rebounding in price. The sector has been flying high since Donald Trump was re-elected, largely based on the expectations that his administration will implement pro-crypto policies.
So far, Trump has made several moves, including nominations that suggest he intends to keep his crypto promises.
With just two weeks to his inauguration, Bitcoin, which rose to an all-time high in 2024 after Trump’s re-election, has started staging what seems like a rebound. After falling as low as $91,000 on December 31, the asset surged to $100,000 today before seeing a pullback.
Unsurprisingly, BTC’s performance has gained more than 5% this year and has also been fuelling a similar pattern among the other major cap cryptocurrencies. Ether is up 8% this year, while Solana (SOL), Cardano (ADA), Avalanche (AVAX), and SUI have all recorded double-digit gains.
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