Exciting times ahead for bitcoin by the looks of things! Personally I think it's great news for potential new investors that are still scared teetering on the fence. The clear downside of the situation is the fact they will almost definitely tax Bitcoin related endeavours. 

What does everyone think of this?
How do you think this will effect the price of BTC?
How long do you think it will be until other countries follow their lead?

Source - http://rt.com/news/bitcoin-germany-recognize-currency-641/