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.
The recent involvement of different national governments in crypto investments will not just bring development to the crypto space but will as well increase the societal value of crypto. Before now, there's been big investors who had serious doubts in investing their fortunes in crypto but are reluctant since they're not convinced enough but the recent developments will likely convince them of the importance of crypto. These recent happenings might not have instant positive impact but with time, it'll sure have a huge impact especially in price surge
People were very skeptical about bitcoin but this move by US government will make many to have interest in bitcoin and other countries that are not friendly to bitcoin will learn to accept Bitcoin.
No doubt it is a good move indeed especially a good form of giving bitcoin more awareness to the world. US choosing bitcoin as one of their reserves is surely going to be very much profitable and with this good step I so much expect other countries to make a move like this. I'm not surprise seeing bitcoin at this level where it is now, for sure bitcoin has the tendency of reaching to the height where it is now.