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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.
Yeah, definitely this will bring up some good progress. Like this positive development attracted so many people/county to adopt Bitcoin. And it's pretty obvious that if more people got affiliated with Bitcoin, then indeed Bitcoin would just pop towards the surging. Other countries will definitely try to follow these steps of the US as you mentioned that Brazil has approved its BtC reserve. So I think other countries will also jump into this race and Bitcoin will get more boost.
This stance of the US can give Bitcoin a milestone status. That is, we can get more increase in Bitcoin adoption, due to which we can see Bitcoin skyrocketing further. But anyway, way lets see what happened next.... Does this association really work or not.