The crypto currency recorded a decline during the first quarter of 2018. This condition contrasts with the year 2017 when the digital currency recorded a fantastic rally.
The movement of the crypto currency is very volatile, driven by the flow of news and rapid changes related to investor sentiment. In 2017, the Bitcoin trend for example, has pushed the price up 1.375%. This year on the contrary, the price is swooping.
The positive news for crypto currency, especially bitcoin comes from a company called Lightning Labs, which released Lightning Network, a program that allows users to establish dedicated payment channels that operate in parallel with the main bitcoin network. This product is seen as one possible way to help increase the capacity of bitcoin transactions, which remains a major constraint to its growth.
In addition, in March, Jack Dorsey, CEO of Inc. and Square Inc. Inc., told the Times of London he expects bitcoin to be the global single currency in 10 years.
Despite the sharp decline this year, investors who have had bitcoin since early 2016 have enjoyed a nearly 650% increase.
Asking about the future of Bitcoin is a common question now days. Jack Dorsey is the CEO of Twitter and Square. He recently said that after 10 years Bitcoin will be the single currency, he furthermore asked his team to make features to connect with this future currency. His sayings increase more the trust of Bitcoin. We should think on it if we are wrong.