The future of cryptocurrency is uncertain as crypto's 80% plunge yesterday tumbled the global markets and raised concern amongst investors.

"Bitcoin Crash: This man lost his savings when cryptocurrencies plunged," reported by CNNMoney Invest. It was devastating and traumatic for this man, known as Russell who suffered a huge loss of money investing in cryptocurrencies, 96% to be exact for the paper losses on his initial investment.

Ether, one of the best-performing cryptocurrencies during last year, fell 8% to a low of $170.34 on Wednesday. However, despite volatility, the first cryptocurrency, Bitcoin launched by Satoshi Nakamoto has risen by 0.1% in 30 days. In this case, bitcoin is acting like more of a safe heaven for cryptocurrencies.

But the question today is: "Is bitcoin really a safe haven for cryptocurrencies in the future?"

Although there is a way to integrate bitcoin into financial ecosystem that we used for ETF stocks, bonds and commodities, Bitcoin is still a two-thirds heaven safe asset as it is a de-risk digital asset.

Furthermore, Bitcoin's share market actually fell in 2017 due to ICOs and few new projects. This sparked excitement among investors and Bitcoin's dominance has been creeping up. In fact, in the last couple of weeks, Bitcoin actually soared to the highest level of all year and it is about 48%. It tells us the news we have seen from SEC saying that bitcoin is a commodity to ICE's announcement and the potential for an ETF is causing investors to decide that bitcoin is actually the best house in the tough neighbourhood.

On the other hand, the lack of security has been one of the concern for traders. In the recent Startup Grind conference in London about the future of blockchain industry that I have attended, the speakers emphasised the importance of regulating the cryptocurrency market as a way to maintain security.
"When you try to push something new into the market, you have to gain trust from the people." Therefore, ensuring security is the heart of overall success of all blockchain technology.

In my opinion, there are still room for improvements for cryptocurrencies as they are still developing.