The post Bitwise CEO predicts Trump administration to boost crypto mergers appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ January 6, 2025 1:13 am