how important is the HMRC news?

[genco]

Big price increase today...I assume the rally started on the HMRC announcement and snowballed on pent up demand (Russia and Ukraine not a factor)...so the question is: is the positive news out of London really worth 20% and growing?

Just doesn't seem that important to me...I'd imagine some profit taking soon.

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[seleme]

It's hugely important though I'm not sure it would cause such a fast rise. But would certainly be priced in.

[gentlemand]

HMRC?

I dunno what it means for today, it does mean a great deal for the long term.

Clarification is what many investors, startups and others are waiting for. This was a big dollop of it, even if it's just taxation.

London is a global financial hub. It's just taken a step towards some major Bitcoin business.

[darklight]

I don't think the cause of the rise today was through a load of UK people suddenly wiring cash to an exchange, getting verified and trading the same day. It hasn't exactly been all over the news. But it is significant in that it makes it a more legitimate thing for UK people to be invested in.