Isn’t this the start of hyperbitcoinization?

Or is this just a traffic jam?

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Traffic jam implies things stop, tick tock next block. Working as intended.

Both! People piling in to use Bitcoin for various things (despite mine or anyone else's opinions of those use cases)

The growth in use will be volatile and have spikes/lulls. I'm personally glad to be fully prepared with lightning, and that there are many easy lightning options to onboard newcomers to!