Hunter Horsley, CEO of Bitwise, shared his views on how deregulation during the Trump administration could impact the cryptocurrency market. He believes that mergers and acquisitions by major companies will make the decentralization that cryptocurrencies offer more attractive.
Hunter Horsley on Deregulation
Bitwise CEO Hunter Horsley noted that after the lifting of restrictions on mergers and acquisitions, large tech companies will likely absorb smaller ones, leading to fewer mid-sized companies. Horsley believes that such changes will only increase the attractiveness of the decentralization offered by cryptocurrency.
Market Analysis
Many experts believe that the lifting of restrictions could impact major corporations in the coming years. Bloomberg's senior analyst Eric Balchunas also emphasized that it would be risky to underestimate the companies of the Magnificent Seven due to their potential to acquire more smaller companies.
Future of Cryptocurrencies
Horsley's comments come amid the crypto market's rebound. Bitcoin, which hit a peak in 2024 after Trump's re-election, is showing signs of recovery. After falling to $91,000 at the end of December, Bitcoin surged to $100,000, showing a gain of more than 5% this year. Other major cryptocurrencies are also trending positively.
According to Horsley and other experts, deregulation in mergers and acquisitions may positively influence the crypto market, making decentralized assets more attractive to investors.
