Bitwise
Bitwise CEO predicts Trump administration to boost crypto mergers
Hunter Horsley links corporate power consolidation to crypto demand.
The CEO of Bitwise Asset Management, Hunter Horsley, has suggested that the economic policies of the Trump administration could have a major impact on the cryptocurrency sector.
In a recent tweet, Horsley noted that the potential deregulation of mergers and acquisitions could allow major companies like Google or Amazon to expand even further through strategic acquisitions. M&As refer to the consolidation of companies, either through the merging of businesses or the purchase of one company by another. This process often helps corporations achieve economies of scale, expand market share, or acquire critical assets.
Horsley argued that this concentration of power could drive the adoption of decentralized systems, aligning with the core tenet of cryptocurrency: the skepticism toward centralized organizations. He believes that as large corporations gain more control, the demand for cryptocurrencies—designed to offer an alternative to such institutions—could grow.
Corporate behemoths like Google and Amazon are becoming increasingly interested in blockchain technology and digital assets as they look for ways to enter the crypto markets. One example of a blockchain-related service that Amazon Web Services has introduced is Amazon Managed Blockchain, which enables companies to create and oversee scalable blockchain networks. With this action, Amazon establishes itself as a major force in the expanding enterprise blockchain market.
By establishing strategic alliances with prominent blockchain initiatives and participating in campaigns to incorporate blockchain technology into its cloud infrastructure, Google has also increased its presence in the cryptocurrency sector. Blockchain-as-a-service is now available on Google Cloud, allowing companies to create and implement decentralized apps.
These initiatives demonstrate how major companies are using blockchain technology to diversify their business models while leveraging traditional M&As to expand their reach, thereby further driving the adoption of decentralized systems.
Horsley’s statement comes amid a major rebound in the cryptocurrency market, following Donald Trump’s recent re-election. Trump’s victory has been welcomed by many in the cryptocurrency industry, given his pro-business stance and policies that are seen as supportive of digital assets and blockchain technology. These policies have fueled a bullish trend in the market, with experts attributing much of the surge to a more favorable regulatory approach under Trump’s administration.
Since Trump’s election win, the cryptocurrency market has seen notable growth, with the biggest example being Bitcoin which surged from approximately $69,000 on Nov. 8, 2024, to over $100,000 in early December.
This increase has been largely driven by political shifts and the anticipation of loosened regulations, which experts believe will create a more conducive environment for digital assets.
Experts also believe this rise is driven by the political shift and the potential loosening of regulations, which may create a more favorable environment for digital assets.
Horsley is the CEO of Bitwise, an investment firm that has exclusively focused on cryptocurrency investments for the past seven years. The company offers a range of products including crypto-focused funds, ETFs, and others, designed to provide investors exposure to the crypto and Web3 markets.
According to Horsley, the influence of major market players—along with regulatory changes—could shape the future of both digital assets and traditional financial systems in 2025, making this an exciting time for both M&A activity and the cryptocurrency sector.
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Matt Hougan, the Chief Investment Officer (CIO) of American asset management firm Bitwise, has reacted to the news of the Czech Republic’s strategic Bitcoin reserve plans. Having predicted earlier that nation states adoption of Bitcoin will soar this year, Hougan noted that “the dominos start to fall.”
Czech Republic Bitcoin Plans
In a CNN Prima News interview, Aleš Michl, the Governor of the Czech National Bank, revealed they are weighing how to diversify the country’s reserves with Bitcoin. However, he added that there are no active strategies in place to make this move yet.
While Michl said he favors the onboarding of Bitcoin as an asset diversifier for the Czech Republic, he said this decision is not solely his to make. He said there are seven members on the board whose say might also sway the ongoing discussion. Despite the lack of concrete plans, the Governor acknowledged that;
“Bitcoin is an interesting option for diversification against other assets.”
On his part, the Czech Republic National Bank executive said he plans to add just a few Bitcoin units with no plans to make a significant investment. This plan to make Bitcoin a strategic reserve asset aligns with the growing conversations in different nations. While Japan rejected the BTC reserve idea, different states in Switzerland continued to explore the plans.
MicroStrategy bought 258,320 BTC in 2024, and with this, the focus on the top coin has grown over the past few months. While corporate firms are looking to borrow the MicroStrategy playbook, Matt Hougan predicted that governments will firm one of the three insatiable demand sources for Bitcoin this year.
The three sources of insatiable demand in 2025: Companies, ETFs, and Governments. https://t.co/vatSG6wxgF
— Matt Hougan (@Matt_Hougan) January 6, 2025
The Wait on Donald Trump Administration
The Czech Republic is considering adopting Bitcoin as a strategic asset, marking a major advancement in the idea that started with Donald Trump. During his Presidential election campaign, Trump promised to establish a strategic Bitcoin reserve in the United States. The crypto community is now very expectant following his victory.
On his part, the President-elect is convening a crypto advisory council that will help look into the BTC strategy. Many industry leaders are in support of the plan, highlighting how it can help the country solve its growing debt challenge.
However, the economic viability and longer-term impact on the US Dollar remain a concern that might derail the plans overall. In light of this, Peter Schiff proposed USACoin as an alternative to the BTC reserve plans, as reported earlier by Coingape.
Bitcoin As Biggest Beneficiary
Amid the growing conversations around the adoption of Bitcoin, the coin has a major prospect of continuing to grow. Notably, the top five Bitcoin price predictions for 2025 peg the coin at a range of $200,000 to $500,000, hingeing on its status as a reserve in most nations’ portfolios.
Currently, the coin is down by 4.45% in 24 hours to $97,173.39. The coin dropped from a high of $102,712.48 as investors cooled off from the latest rally.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Bitcoin
Bitwise Unveils Crypto Predictions for 2025, Says One Top-10 Altcoin Set To Explode 250% This Year
Digital asset investment manager Bitwise is unveiling its predictions for cryptocurrencies and the industry in 2025.
Starting with Solana (SOL), Bitwise’s head of research Ryan Rasmussen says the asset manager is predicting that the Ethereum (ETH) rival will skyrocket by 250% and hit a price of $750 this year.
Solana is trading at $214 at time of writing, around 18% below the all-time high price of $263 reached in November of 2024.
On Bitcoin (BTC), Bitwise predicts that the crypto king will surge by 106% from the current level to reach a price of $200,000 in 2025. Ethereum, according to Bitwise, will rally by around 99% from the current level to hit a price of $7,000 this year.
Bitcoin is trading at $96,940 at time of writing while Ethereum is worth $3,521.
Turning to US spot Bitcoin exchange-traded funds (ETFs), Rasmussen says Bitwise expects the inflows in 2025 to surpass last year’s figures. The cumulative total net inflows into the US spot Bitcoin ETFs as of January 3rd amounted to approximately $35.66 billion.
Rasmussen also says that Bitwise is predicting that the number of countries holding Bitcoin in their reserves will double in 2025. Some of the countries that currently hold Bitcoin reserves include El Salvador. The Central American country holds over $588.95 million in Bitcoin as of January 3rd.
The Bitwise head of research also cites the crypto asset manager’s bonus prediction that is projected to materialize further into the future.
“In 2029, Bitcoin will overtake the $18 trillion gold market and trade above $1 million.”
Bitcoin has a market cap of approximately $1.917 trillion at time of writing.
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The dominant crypto narrative for 2024 has been institutional adoption. From the U.S. approval of spot bitcoin (BTC) exchange-traded funds to the burgeoning number of companies pledging to buy the largest cryptocurrency for their treasuries, crypto has entered, more than ever before, the mainstream conversation.
Bitcoin has increased almost 130% this year, breaking record highs on several occasions. It is currently hovering near the psychological threshold of $100,000. The ETFs approved in January have seen net inflows of $36 billion and amassed over 1 million BTC.
In addition, the number of publicly traded companies saying they’re adding bitcoin to their corporate treasury is accelerating. The trend, which started with MicroStrategy (MSTR) in 2020, recently attracted KULR Technology (KULR), a maker of energy storage products for the space and defense industries. The Houston, Texas-based company said it bought 217.18 BTC for $21 million and is allocating up to 90% of the surplus to cash to BTC.
Now Bitwise Asset Management, which already has spot bitcoin and ether ETFs, has applied for an exchange-traded fund to track the shares of companies that hold at least 1,000 BTC in treasury. Other requirements for the fund, dubbed Bitwise Bitcoin Standard Corporations ETF, are a market capitalization of at least $100 million, a minimum average daily liquidity of at least $1 million and a public free float of less than 10%, according to the Dec. 26 filing.
A second Thursday filing was made by Strive Asset Management, co-founded by Vivek Ramaswamy, a politician in the administration of U.S. President-elect Donald Trump. The Bitcoin Bond ETF seeks exposure through derivative instruments such as MicroStrategy’s convertible securities in an actively managed ETF. The bonds have been a massive success. The 0% coupon bond maturing in 2027 is priced at 150% above par and has outperformed bitcoin since inception.
“Since our inception, Strive has called out the long-term investment risks caused by the global fiat debt crisis, inflation, and geopolitical tensions,” Strive CEO Matt Cole told CoinDesk. “We strongly believe there is no better long-term investment to hedge against these risks than thoughtful exposure to bitcoin.”
“Strive’s first of many planned bitcoin solutions will democratize access to bitcoin bonds, which are bonds issued by corporations to purchase bitcoin. We believe these bonds provide attractive risk-return exposure to bitcoin, yet they are not available to be purchased by most investors,” he added.
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