Lightning Network Will Drive Bitcoin Adoption and Price

In a Q&A at the Malta AI & Blockchain Summit, venture capital mogul Tim Draper spoke bullishly of the Lighting Network, indicating that innovations in the Lightning Network would be key in propelling the Bitcoin price higher.

Lightning Network is somewhat (I will explain more below) of a payment processor for Bitcoin, and like Tim Draper, we believe it will continue to push the price of Bitcoin to new heights.

Why? “It’s because of Lightning Network and OpenNode …are allowing us to spend Bitcoin very freely and quickly, so that it’s not just a store of value but it can be used for micropayments; it can be used for retail, it can be used all over.”

The virtual currency space as a whole is continuing to expand: there were more than 350,000 Bitcoin transactions recorded daily worldwide near the end of November. And with technology such as Lightning Network, there are no limits to Bitcoin’s potential.