It might not affect the price at all as the price is mostly controlled by an accumulation/distribution cycle of whales.
TERA, could you give me one example where a market is not driven by accumulation/distribution of whales?
Now to answer OP, It would be a great news and could be a trigger to the next pike.
The more transaction, the more maket cap is growing. It s the structural bitcoin price. add that to gigantesc bubbles and you have the BTC price.
So my view is that it would affect the structural market cap but only be a trigger to the next bubble.