This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
Yes, this is a positive development that also came with much sacrifice and disadvantage.
If the government started holding Bitcoin and some altcoin as their reserve, it builds the reputation of crypto in the society, where they only have negative understanding about crypto, and we will see Bitcoin being used as the mainstream of payment (particularly border-to border). However, there's going to be a huge sacrifice in the aspect of privacy, and there's going to be a huge disadvantage in the area of market manipulation, which is what we are already seeing in the market as we speak. Besides, there's more to come and I hope we're ready for it.
Actually, I think that you could explain a best opinion in your comment. So I am also agree with your prefer comment. We know that few weeks ago we can see that bitcoin price is increasing in $100k up in cryptocurrency world, which start to rapidly. Because we know that US president Donald trump win in election. We know that Donald trump also a best supporter of bitcoin. So after we election we could saw the rapid action of bitcoin price. But if we follow in cryptocurrency market now, we can see that bitcoin price is slightly down in crypto currency market. But I think that within a short time bitcoin price will reach $150k.