As somebody who has worked in genomics for decades, I don't really see progress in DNA sequencing as being motivated by extrinsic factors. Put another way, there really isn't enough scientific discovery being driven by new sequence data to justify the spending. Many articles have been written claiming that sequencing is going to revolutionize medicine. It's been a very useful research tool, and some genomics has been very valuable medically, but it doesn't live up to the hype.