This time, the legal community is weighing-in on the future of blockchain and bitcoin technology growth under US President Trump. David Brill, a business lawyer, wrote an interesting piece titled “Bitcoin, Blockchain and Trump: Where do we go from here?” (Brill, 2017), detailing his recent discussions at an American Bar Association (ABA) conference between private sector lawyers, senior government counsel, and various other high level attendees connected to Securities and Exchange Commission (SEC) and Futures trading disciplines.
Brill appears to hinge his predictions by on the one hand, expecting a decrease in resources for the bitcoin FinTech in the US market, but on the other hand, foreseeing potential growth for blockchain in both the US and UK space, with the latter attributed to the Brexit related split from the EU.
I’m going to go out on a limb and disagree with Brill on his bitcoin predictions, and instead assume that the US political environment, i.e. uncertainty with President Trump’s agenda, will actually ignite resurgence in bitcoin and digital currency investments, both at home and abroad. This, in tune, will also keep the separate blockchain innovations coming on strong as they have done in the past few years.
Brill, D. (2017, February 10). Bitcoin, Blockchain and Trump: Where Do We Go From Here? Retrieved from www.coindesk.com: http://www.coindesk.com/bitcoin-blockchain-trump-go/