I like that crypto is becoming more mainstream but don’t expect anything from this week to pump our coins. There’s not going to be a catalyst from this supposed crypto week. Let’s just keep holding & wait for Altcoin season.
Yes, the effect of such news and policies won't reflect to the market asap. It will take time until we see how impactful it is and that's why we still need to be patient. Although we're not new on being patient because this is normal and we've been like that for years and so, waiting patiently on how the market reacts because there is nothing much we can do except to hold.
I mean, the market did not even react back in the day when El Salvador openly declared they were going to be the first sovereign nation to accept Bitcoin as legal tender, I recall very well how I saw the news and I thought the price of Bitcoin was going to pump hard, but it did not happen.
So my intuition tells me traders and the market in generals have reached a point in which they are not so sensitive to news coming from governments, regardless those news come from inside of the United States or other countries.
Ironically enough, the market would react harder if some important person on Twitter started to imply they would start to embrace Bitcoin as a method to store value or as a payment system, in the same manner it happened with Elon Musk announced he was going to accept Bitcoin for their Teslas.
Yeah, somehow it was like that and many times it did not react to any good news. I've followed many of it back then and observed if something's gonna happen but from no reaction to opposite action. And that's a different story if it's with these influencers that have obvious why they do that. Trying to manipulate the market and effect of it is quite scary for the newbies because they're targeted by that. If these tweets have been making rounds and making people react quickly, the after-effect of it is about to come quickly.