Quote from: ohlawdy on April 19, 2018, 01:15:18 PM

I thought this was generally known already, at least i saw some people say they asked their imam who said it should be halal. So i think the news has more influence on the pirce then that it is really halal.

true. it was already known to Muslims that bitcoin is "halal", in fact that is why they have been investing in bitcoin all along! but this is more of a public acknowledgement of bitcoin by Muslim scholars and it will do two main things.
first of all it will resolve any possible confusion that any one might have had and it can guide them into investing in bitcoin.
second it is considered a good news like anything else which can lead to a rise which I think it is already priced in.