A top executive of the largest cryptocurrency index fund firm expressed optimism about the impact on economic policies on the digital asset sector upon the official return of Donald Trump to the White House this month.
Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insights on how the Trump administration could transform the cryptocurrency industry.
Related Reading: Bitcoin Adoption Goes Big: JAN3 Secures $5 Million Under Mow’s Oversight
Deregulation Of M&As
Horsley believes that the policies to be implemented by the incoming Trump administration could propel the cryptocurrency sector to new heights, especially liberalizing mergers and acquisitions, saying that it could allow major American companies to expand their business further through strategic acquisitions.
The Bitwise CEO thinks President-elect Trump might “unfreeze” mergers and acquisitions, a welcome development for the country’s major companies to enhance their business foothold.
“Large corporates — mag 7, etc — may finally be able to wield their market cap,” Horsley said.
He noted that for example, retail giant Amazon could acquire Instacart, or search engine powerhouse Google could purchase Uber, saying, “The big may get bigger, and the middle may shrink.”
Accelerating Cryptocurrency
Horsley suggested that allowing major US companies to make strategic acquisitions could fuel the adoption of decentralized systems, benefiting the cryptocurrency landscape.
“If that happens, I think it will accelerate crypto,” Horsley said in a post.
The crypto index fund executive believes if large corporations accumulate more control, the demand for cryptocurrencies might soar because digital assets serve as an alternative to these institutions.
“The conceptual premise of crypto is not trusting large institutions to do what’s in your best interest. The big getting bigger accentuates this,” he claimed in an X post.
BTC market cap currently at $2.02 trillion. Chart: TradingView.com
Industry Leaders Adopting Crypto
Many analysts observed that blockchain technology and digital assets are capturing the attention of industry giants like Amazon and Google who are finding opportunities to become part of the cryptocurrency markets.
For example, Amazon Web Services launched Amazon Managed Blockchain, the retail giant’s own blockchain-related service. It allows companies to create and manage scalable blockchain networks, turning Amazon into a major player in the blockchain market.
Related Reading: Crypto Survival Mode? Bitcoin Mining Giant Lends Over 7,000 BTC Amid Operational Pressures
Strategic Partnerships
Meanwhile, Google has established strategic alliances with key blockchain initiatives and joined campaigns that push for the integration of blockchain technology into its cloud infrastructure, increasing the search engine’s footprint in the cryptocurrency sector.
On Google Cloud, businesses can now find blockchain-as-a-service which offers them the opportunity to create and implement decentralized apps.
Bitcoin price breaking the $100k level today. Source: CoinMarketCap
Horsley’s statement is timely since the cryptocurrency market is currently enjoying a positive outlook brought by Trump who is perceived to be pro-crypto.
Trump’s election victory fuels the growth of the digital asset market wherein investors saw Bitcoin surpass the $100,000 level in early December, from about $69,000 in early November.
Featured image from Fox News Screengrab/AsiaTimes, chart from TradingView
A top executive of the largest cryptocurrency index fund firm expressed optimism about the impact on economic policies on the digital asset sector upon the official return of Donald Trump to the White House this month.
Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insights on how the Trump administration could transform the cryptocurrency industry.
Related Reading: Bitcoin Adoption Goes Big: JAN3 Secures $5 Million Under Mow’s Oversight
Deregulation Of M&As
Horsley believes that the policies to be implemented by the incoming Trump administration could propel the cryptocurrency sector to new heights, especially liberalizing mergers and acquisitions, saying that it could allow major American companies to expand their business further through strategic acquisitions.
The Bitwise CEO thinks President-elect Trump might “unfreeze” mergers and acquisitions, a welcome development for the country’s major companies to enhance their business foothold.
“Large corporates — mag 7, etc — may finally be able to wield their market cap,” Horsley said.
He noted that for example, retail giant Amazon could acquire Instacart, or search engine powerhouse Google could purchase Uber, saying, “The big may get bigger, and the middle may shrink.”
Accelerating Cryptocurrency
Horsley suggested that allowing major US companies to make strategic acquisitions could fuel the adoption of decentralized systems, benefiting the cryptocurrency landscape.
“If that happens, I think it will accelerate crypto,” Horsley said in a post.
The crypto index fund executive believes if large corporations accumulate more control, the demand for cryptocurrencies might soar because digital assets serve as an alternative to these institutions.
“The conceptual premise of crypto is not trusting large institutions to do what’s in your best interest. The big getting bigger accentuates this,” he claimed in an X post.
BTC market cap currently at $2.02 trillion. Chart: TradingView.com
Industry Leaders Adopting Crypto
Many analysts observed that blockchain technology and digital assets are capturing the attention of industry giants like Amazon and Google who are finding opportunities to become part of the cryptocurrency markets.
For example, Amazon Web Services launched Amazon Managed Blockchain, the retail giant’s own blockchain-related service. It allows companies to create and manage scalable blockchain networks, turning Amazon into a major player in the blockchain market.
Related Reading: Crypto Survival Mode? Bitcoin Mining Giant Lends Over 7,000 BTC Amid Operational Pressures
Strategic Partnerships
Meanwhile, Google has established strategic alliances with key blockchain initiatives and joined campaigns that push for the integration of blockchain technology into its cloud infrastructure, increasing the search engine’s footprint in the cryptocurrency sector.
On Google Cloud, businesses can now find blockchain-as-a-service which offers them the opportunity to create and implement decentralized apps.
Bitcoin price breaking the $100k level today. Source: CoinMarketCap
Horsley’s statement is timely since the cryptocurrency market is currently enjoying a positive outlook brought by Trump who is perceived to be pro-crypto.
Trump’s election victory fuels the growth of the digital asset market wherein investors saw Bitcoin surpass the $100,000 level in early December, from about $69,000 in early November.
Featured image from Fox News Screengrab/AsiaTimes, chart from TradingView
