With Bitcoin accepted means the governments showing support to Bitcoin no matter the amount and it can stimulate the market, which means this s a fresh air for investors. Rejection also has an impact, the price can fall immediately if the country of where the investors live or the facilities used by the investors suddenly reject Bitcoin. Many countries havent decided yet, theyre still in the gray zone or reject based on the Law that prohibit it, but its still gray in my opinion because it doesnt discuss in detail about the prohibition against Bitcoin.
yeah you have some point, why bitcoin need to be ligalized of one coutry before it used in the merchant? its just because it can help also to make pupolar in other people of their nation ,because government is also indorse the bitcoin in their countrymen once to approved base on standard compaliance in the system,