It is indeed a good step for cryptocurrency adoption that Poland licensed Binance. I think this will give boost to the current market and speed up Bitcoin awareness and Bitcoin promotional campaign.
Binance is an exchange on its own, having it authorized by a country doesn't affect the price of bitcoin or the crypto market generally.
It is a fantastic thing that the Polish government has given Binance full permission to operate there. This demonstrates that the government fully embraces bitcoin.
There are still more nations where Binance is establishing a reputation as one of the most reliable cryptocurrency exchanges, in addition to Poland.
Indeed this might be a good counter to some FUD that is starting to lurk the internet.
We haven't moved beyond 21k with this news. It's "that" important, great for Polish people who want to use binance, but that's literally as small of a niche as you can find for a good news. How many Polish people who didn't have a method of buying bitcoin, that ended up having a method of buying bitcoin thanks to Binance being available to them? Not many people, not a lot of money to begin with, hence why the price doesn't move.
I have to say that people are overreacting to the smallest good or bad news based on the momentum, if it's going up, the smallest things look like they could be huge, and when it's bad, then smallest bad things could look like the worst thing ever.
This is why whenever i do hear up with some recognition or positive news then i dont really make myself believe that it would definitely be giving out some positive impact towards market price.
Its not always the case if we do talk about fundamentals because we know that whether it would be affecting or not there's no way for us to find out on what would be its future movement.
This is why whether positive or negative news then it wont really be making myself that much affected, its up to the public on what would be their reactions to it but
it wont be surprising if ever they would really be that significant.
Small steps, small niches, when put in together can make a huge impact. Besides, it is better to have these small steps than nothing at all.