According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.
I think this is a clear sign that cryptocurrency is headed in the right direction and its good to see a country which such high inflation investing into crypto as a means for retaining wealth instead of more stable options such as gold or other valuable materials. Additionally, this creates more demand for crypto and helps increase their value which in turns benefits anyone who has invested into it.
Overall, this increases the chance of widespread adoption of cryptocurrencies, in fact, I am sure that many central banks would be holding cryptocurrencies but have not revealed this information. If countries around the world showed that their government/central bank was holding cryptocurrencies, the demand and value of them would skyrocket.