We're witnessing the maturation of crypto as these kinds of resolutions only make it stronger. It's going to be used as a flight-to-quality asset class after the traditional markets crack in a few months.
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You know the "this is good for Bitcoin!" response to any negative news is mostly a joke these days, right?
Why do you think traditional markets should crack in a few months?
1. They always do. 2. We've been in the longest bull market in history 3. Black Swans exists 4. The 'message of the markets' in this case, the yield curve along with a few other related reliable predictors: https://fred.stlouisfed.org/series/T10Y3MM
Why does Bitcoin help here?
The traditional markets attempt to assign a value to the expected future value of all (public) companies. As technology advances, goods and services can be produced and delivered more efficiently, allowing $1 to buy more. Investing in the stock market is using your money to drive the improvements, and selling your stock is reaping those rewards.
Bitcoin is just a list of financial transactions that a couple of different computers agreed on the order of.
I don't see how they are comparable.
Because people hoard stuff with a "limited amount" (i.e. gold and silver) when they are afraid of hyper-inflation.