Yes, i agree with you that in term of money supply this could drive the price higher but think about those people who got away with at least $50M worth of coins, they'll have to turn it into other CC or FIAT to be able to go live under the sun ;) I think this could drive the price down, even if just temporary.
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ohh yes ...this is the other side of the story...
let's just hope that soon we will see green digits in the various exchanges