A bill was just passed by the United States House of Representatives that establishes a new Blockchain Specialist position in the White House with the responsibility of whispering sweet nothings in the President's ear on matters relating to Blockchain Technology.
I might have paraphrased that a bit but you get the gist.
Now what does this mean?
Blockchain technology has become important enough to warrant a dedicated advisor in the President's office. That's pretty dope.
Remember, blockchain technology has many potential applications across numerous industries.
Financial Technology (FinTech) and cryptocurrencies are just one application that is taking advantage of the technological innovations available with blockchain.
However, the more applications that ARE improved by blockchain, the more credence it gives FinTech applications that carry this "controversial" stigma.
Also, many people in positions of power are older so:
- They don't value computer technology as much as the younger generations because they didn't grow up with it.
- They cant comprehend the value of digital assets.
- They have deep ties with the old money systems and a vested interest in keeping the status quo.
It will take time and possibly generational shifts but the advantages blockchain technology can provide are undeniable.
I'm excited for the day we see a Bored Ape NFT displayed in the Oval office.