With news like this, we should rally like crazy including a e-parade in my opinion. How did the market react? Rallied shortly and took a dump within 3 hours. While a sustained rally could take a long time, my point is that market reaction to this great piece of new was disappointing.
Related anecdote story on trading and stock market reaction:
On a related past experience, I was ar...
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Also if Bitcoin were to be on Paypal today, we can expect price to crash hard the following week or so since they have millions of retailers out there payable with it. The price pressure will be huge.
Its certainly a good news, but having a bad effect in short term.