None of us ever know what the future really holds, and this is especially true for business, where uncertainty can be particularly damaging for investment and commitment. So with the recent statement from presumptive U.S. Presidential Candidate Hillary Clinton acknowledging the need for continued investment as well as the required environment for success in market sectors, specifically mentioning blockchain research, the industry can perhaps look at this as some kind of reassurance. It also shows just how influential the digital currency industry has become, where presidential Campaigns are noting the industry and its needs directly.
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For any market sector, uncertainty is the biggest momentum killer around, and the cryptocurrency industry is no different. That is why a statement from the Hillary Clinton campaign is so significant. As the presumptive Democratic Party nominee for the U.S. Presidential election, giving views directly on the digital currency industry offers some idea of the potential future should she win.
In this case, the Clinton Campaign noted that "We must position American innovators to lead the world in the next generation of technology revolutions – from autonomous vehicles to machine learning to public service blockchain applications – and we must defend universal access to the global, digital marketplace of ideas”.
Now, obviously we must look at this with tempered enthusiasm, most of us are well aware of the difference between pre-election ideas and post-election reality from any flavor of politician, however there are a couple of significant things that this statement brings up. Firstly, it is encouraging for startups in the industry, and coupled with simultaneous statements about pushing back against regulatory barriers for startups and entrepreneurs, offers a potentially bright future for the U.S. based cryptocurrency industry.
However, there is another important thing to note here, and that is blockchain being placed alongside hugely influential technology such as autonomous vehicles, something the general public is very familiar with. This gives us a new indication as to the level of importance the digital currency industry is reaching today. In terms of overall influence, one statement from one potential president is not going to change things by itself, but as high profile acknowledgements of the work the industry is doing go, it is certainly a significant one.
Regardless of whether this acknowledgement of the need for continued investment and research within the blockchain environment translates into real support for the industry at a later date, it is a sign that as an industry growing in importance through various blockchain applications, there is a bright future ahead for blockchain and digital currencies.