M&A Revival Under Trump: A Catalyst For Crypto?

The Trump administration is widely expected to create a favorable environment for M&A activity. Factors such as lower interest rates, deregulation, and pro-business policies could accelerate corporate consolidation.

Hunter Horsley, CEO of Bitwise Asset Management, has shared his thoughts on how the return of Donald Trump as US President might indirectly fuel the growth of cryptocurrencies.

In a 6 January 2025 post on Twitter, Horsley shared his perspective on the matter.

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

The Trump administration is widely expected to create a favorable environment for M&A activity. Several factors could contribute to this, including lower interest rates, deregulation, and pro-business policies.

According to data from Dealogic, M&A activity in 2024 reached $1.4 trillion, showing improvement from 2023 but still lagging behind pre-pandemic levels.

With Trump back in office, 2025 could become a pivotal year for M&A growth.

It feels like the the world is on the precipice of change in 2025.

The enemy is stagnation, not change. Progress requires change.

I'm super fired up for it.

— Hunter Horsley (@HHorsley) January 5, 2025

Horsley envisions a scenario where major corporations—such as Amazon or Google—leverage their significant market capitalizations to acquire smaller competitors.

For example, Amazon could potentially buy Instacart, or Google might acquire Uber. While this consolidation may benefit large corporations, it could also squeeze out mid-sized companies and further concentrate power within a few dominant players.

This trend aligns with a core principle of cryptocurrency: distrust in centralized institutions.

As Horsley explains, “The big getting bigger accentuates this.” In essence, the more centralized traditional markets become, the more appealing decentralized alternatives like Bitcoin and Ethereum may appear to consumers.

A Major Theme In 2025 Is Going To Be The Arrival Of Corporates

Horsley also shared a list of top corporate companies and their Bitcoin holdings.

He said, “A major theme in 2025 is going to be the arrival of corporates — Bitcoin Standard Corporations .”

“There are many private companies like Bitwise Investthat also hold Bitcoin on the balance sheet. Exciting to see,” he added.

The HODL Top 70 List ? 12/30/2024 pic.twitter.com/B2G0gCPdiC

— HODL15Capital ?? (@HODL15Capital) December 30, 2024

In a separate post, Horsley also shared that there are estimated 58 million millionaires globally and there’s only enough Bitcoin for 1 in 3 of them to have one.

“The scarcity of Bitcoin is going to start to feel dramatic as it enters the mainstream,” he pointed out.

There are estimated 58 million millionaires globally.

There’s only enough Bitcoin for ~ 1 in 3 of them to have one.

The scarcity of Bitcoin is going to start to feel dramatic as it enters the mainstream.

— Hunter Horsley (@HHorsley) January 6, 2025