Ofcourse it has a good effect on the market. As economic recession continuously happening in Venezuela, Venezuela bolìvar value gradually decreasing. Venezuela citizens are suffering to even have their basic necessities as buying one is as though sacrificing the whole day without eating any. Venezuela government starts to recognize bitcoin's value, and with that the bitcoin's demand grows that it could have a huge effect in the market. So, it isn't bad 'cause it does help cryptocurrency market to grow.