anything that is about bitcoin will have an impact on the future of bitcoin!
the difference is the result of the policies they decide to put in place for bitcoin. it can speed up the adoption of bitcoin and with it increase the price of bitcoin (like Japan last year) and also help the economy of the country.
or it be naïve and restrictive and slow everything down, mainly in the said country.

one inquiry talks about crytocurrencies being compared to "pyramid Scheme" which is a total non-sense. While the intention is noble, given the benefit of the doubt, but the problem is making them understand and that's probably one of the challenge to look into

well there is always that one idiot everywhere who is saying something like that. sometimes that idiot is a government employee. these days countries that  decide to go against bitcoin won't succeed anymore because the adoption has already started everywhere. it may be small but it exists and it is growing. on top of that the bigger developed countries such as Japan, Germany,... have adopted bitcoin already so when one small country goes against the tide they are just making a dumb decision.

I agree with you even India could not affect the market, Iran and The Philippines are little players in the industry. They will be only follower of other big counties in the industry which can affect the bitcoin.

Probably yes! When the policy makers call for open public inquiry, it shows they are willing to hear out the people. Few months back, Australia also opened such discussion with their citizens to hear their proposal on the bitcoin and crypto currency. Today Australia is one of the most crypto favored nation. Philippines is coming up fast as a destination of global business outsourcing. Even my company opened up a center in Philippines to support our global clientele. It shows the eagerness of the government to support development. I won't be surprised if they decides to adopt bitcoin in their economy.

However, can you please share any link of news which confirms about this open inquiry extended by Philippines government?

I wouldn't think that it will have a significant effect on the overall price of bitcoin because The Philippines is quite small as comparde to other Asian Tigers like Japan, South Korea or even China. The only one being affected here will be the Filipino bitcoin community and crypto enthusiast in the country. I don't know what will be the outcome if there will be one Senate inquiry against crypto but local trading exchanges coins.ph have been complying with BSP (local Central Bank)  with regards to AML/KYC policies of the government already.

Representatives in the Philippines will fix the usage of Bitcoin only in their country - not that way you are thinking.

The Philippines might be a small market now and if taken as a single player But would it be different if the position of small markets (small players) are the same? One peso is composed of centavos, just a thought   

of course, they are controlling government policy, so I think their policies will affect the future of bitcoin, and also the crypto market.

In India the government bans bitcoin and it inhibits the prospect of bitcoin in the future, so, I think every factor that comes from outside that talking about the crypto, then it will determine the future of crypto.

I think that does not matter much, and the future price of bitcoin will flow by itself at a high price because of the high demand.