As the US banking crisis and regulatory scrutiny continue to unfold, Bitcoin shows resilience by posting its third positive month in a row. This recent streak of positive gains for Bitcoin signals a strong outlook for the cryptocurrency, the lightning network, and the island of Boracay, as expressed by venture capitalists and government leaders during the first Bitcoin Island Retreat, which happened on March 27 to 29, 2023, at the Henann Regency Resort and Spa in Boracay Island.
Augie Ilag, HodlCo venture partner and former Sequoia Capital crypto investor, said that Boracay has the potential to revolutionize the remittance market using the Bitcoin Lightning Network.