I think it has a big and vast effect, especially if you're talking about how the value of Bitcoin, either moving up or down. I say that because of the idea that cryptocurrencies are not your usual and traditional currencies that has the typical movements and is affected by a several number of factors that could be somehow controlled by the government like inflation. However, for cryptocurrencies, every factor, like negative news for that matter, has a big effect because it reaches people quite easily, and it also affects how they feel on one topic quite quickly. Once they hear that cryptocurrency is bad, or it's bad investment like many business entities say, then it would prompt them to decrease their interests or totally avoid investing in the market.