Why is this bullish in the immediate term? People who have massive gains from their Bitcoins purchased a year ago or earlier are free to convert them to millions of Euros, tax free. Isn't that compelling?
Exactly.
If anything, that's short term bearish.
Short term bearish, long term bullish.
The way bitcoin seems to be lately.
It seems little news pieces keep coming out that could be interpreted as great news, but they are almost always countered with something else bad at the same time! I would love it if we could just have a month of good news. Sigh. Oh well. At least there is good mixed with bad though. That is better then the alternative of only bad news.