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However, Lightning Network, arguably the best Bitcoin scaling solutions to date, has seen substantial growth. Network capacity has just exceeded 1,500 BTC, and that’s not all — network nodes and channels, alongside capacity, have reached their respective all-time highs. The growth is likely spurred by El Salvador’s recent adoption of Bitcoin as a legal tender, as the two most popular finance apps in El Salvador are Lightning-enabled Bitcoin wallets.
One powerful and influential individual opens his mouth and removes a few doubts. The Technoking and Dogefather said in a Twitter response to Cointelegraph’s criticism of market manipulation that Tesla “will resume allowing Bitcoin transactions” if and when there’s “confirmation of reasonable clean energy by miners”.
Like many that came before it, the tweet has moved the price of Bitcoin to break through the $37k resistance. The big question remains — will this momentum propel BTC above the $40k mark?