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Trump’s Pro-Business Policies Could Boost Crypto Growth Through M&A, Says Bitwise CEO
The cryptocurrency market is poised for a significant upswing, courtesy of Donald Trump’s return to the presidency and his pro-business policies, believes Hunter Horsley, CEO of Bitwise Asset Management.
Horsley recently took to Twitter, where he highlighted the potential benefits that could arise from a surge in Mergers and Acquisitions (M&A) activity during Trump’s second term. According to Dealogic data, total announced deals in 2024 reached $1.4 trillion, marking an improvement over the previous year but still trailing pre-pandemic levels.
The Bitwise CEO believes that under Trump’s leadership, M&A activity will reignite and have a direct impact on crypto adoption rates. His argument rests on the notion that this surge will foster greater trust in decentralized systems as individuals and businesses seek alternatives to traditional centralized institutions that prioritize their own interests over broader market fairness.
Notably, major tech companies like Amazon and Google have been increasingly exploring blockchain technology integration into their existing infrastructure, further fueling interest in cryptocurrencies. In a bid to drive innovation, these corporations are already investing heavily in this space.
For instance, Amazon has been actively promoting its Managed Blockchain service, while Google’s Blockchain-as-a-Service on Google Cloud signifies the growing adoption of decentralized technologies within large enterprises.
Should Trump’s pro-business policies indeed lead to an M&A revival, it could spark a wave of consolidation that may pose challenges for mid-sized companies. However, this could also drive interest in cryptocurrencies as a means of diversifying their portfolios and protecting themselves from market volatility.
Horsley emphasized the potential benefits of decentralized systems in his tweet:
“The conceptual premise of crypto is not trusting large institutions to do what’s in your best interest. The big getting bigger accentuates this.”
As the world waits with bated breath for Trump’s presidency, it becomes increasingly clear that the crypto industry stands to benefit from the revival of M&A activity.
It may be recalled that Bitcoin prices surged following news of Trump’s victory, propelling the king coin past $69,000 in November and now over $100,000 at the time of writing. This development further underscores the growing momentum in the cryptocurrency market.
As institutions deepen their blockchain integration efforts, the potential for widespread crypto adoption has never been more evident.
Source: ambcrypto.com
