Consolidation marks a key transition for industries moving from fragmented competition to structured maturity. In 2025, the crypto industry could enter this phase.
Hunter Horsley, CEO at Bitwise Asset Management, in a recent tweet, noted, “The big may get bigger, and the middle may shrink,” referring to the ability of dominant players to leverage their market power in a deregulated environment.
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 etcThe big may get bigger, and the middle may shrink.If that happens, I think it will accelerate…
— Hunter Horsley (@HHorsley)January 5, 2025
If companies like Amazon or Google can easily pursue acquisitions such as Instacart or Uber, it will induce a broader trend where the largest players consolidate resources while mid-sized firms struggle to keep pace. For crypto, the implications are twofold.