Initial reaction down because obviously people had hoped for more (buying). Not sure how realistic that was anyways. Especially for those altcoins mentioned in the initial announcement. Those should also be hit the hardest here in the short term. But on the bright side: This does basically cut out 1% of the BTC supply possibly forever or at least for the next 4+ years. These were coins that were out of circulation for a long time already but always had the risk of getting sold off as we’ve seen the US Government do partially before. So to summarize: Short term obviously some disappointment, longer term still a nice step in the right direction. Should also give another bit of legitimacy to the space and especially BTC itself.