By Hassan Mehmood (Saudi Arabia)
Bitcoin is doing worse than worst when it comes to its price movements within the crypto market; the whole crypto market is a conundrum right now, but Bitcoin is leading the charge from the front, being the flagship cryptocurrency, and all is in the worst possible shape.
The corrections and the bear market have not gone away despite the analysts consistently hinting at the fact that these will go away and the market will turn bullish in recent weeks, but it didn’t come to pass.
Michael Saylor’s Bullish Stance on Bitcoin
Michael Saylor, the ex-CEO of MicroStrategy, remains a Bitcoin maximalist to this day; he is someone who hasn’t lost hope in Bitcoin even when the rest of the world and the institutional investors seems to have run highly bearish on the cryptocurrency and want nothing to do with it.
According to Saylor, the development of the lightning network for Bitcoin is the most astounding thing that is happening in the world right now.
Also read:Lightning network is the assistive technology that is supposed to help Bitcoin through thick and thin situations by accommodating more and more users, especially when it gets a bit crowded on the blockchain and there are too many requests for the validation of transactions.
The lighting network would add to the overall scalability and security of the Bitcoin network and would allow the crypto network to become accessible to billions of customers out there.
Saylor has argued that it is the most incredible technology that is under development right now, and when it is complete and implemented, it will make Bitcoin the strongest possible cryptocurrency to have ever emerged and will help developers to build stronger and faster DApps on the blockchain’s trough.
At present, with the base layer of Bitcoin’s blockchain technology, the crypto is moving at a cautious rate, trying to take into account the consensus from all over the globe before initiating a particular pact or service but with a lightning network, developers would be able to walk at a pace that is suitable to them and will be able to develop apps and technologies at a much faster rate.
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