Good news for the price in the short and long term but we don't know if it's good for Bitcoin as an idea and concept in the long term, I mean governments seizing large amounts of Bitcoin may not be good in the long term.
It is also clear from Trump's speech hints that a cold war over Bitcoin will start between the governments of the United States, Russia and China, if these big countries start a cold war over Bitcoin I don't think this will be in the best interest of the Bitcoin community in the long term.
There are always pros and cons to anything governments do. Governments are either going to embrace bitcoin or shun it. I would rather they embrace it.
Better to have nuclear powers like US, China and Russia competing to accumulate bitcoin than engaging in World War 3 with each other.
The fiat money system inevitably leads to war. Bitcoin can break that cycle.
Well said Sir, the only reason why someone like me loves Trump doing his thing is the effect of that World War 3, if Trump gets to the presidential sit he will put an end to hit, World war 3 is the last thing the humanity wanted now, I trust him in this part, not on his watch.
The only person that can bring peace in the near future is Trump, the war would have already escalated if Trump failed to win, this is beyond we human as I believe that the almighty creator is involved, we don't want war.
As for Bitcoin adoption, many countries will follow sooner or later, those who put ban on Bitcoin will lift the ban, they will have no choice but to join the world, the future is always futuristic and this is the new beginning.