TechFlow news — On January 6, Bitwise CEO Hunter Horsley tweeted that the Trump administration might loosen merger and acquisition regulations, prompting large tech companies to accelerate consolidation. For instance, Amazon could acquire Instacart, or Google might buy Uber. Horsley believes this trend could accelerate the development of the cryptocurrency industry.
He explained that the core idea behind cryptocurrency is distrust toward large institutions, and further expansion of major corporations through acquisitions would highlight the importance of decentralization. In particular, dominant players such as the "Magnificent Seven" may leverage their market valuations to pursue more deals, leading to even larger corporate giants and shrinking opportunities for mid-sized enterprises.
