I think its gonna be like this whole bull market, just like last one.

Good:

- LN will be only payment option

- it will provide more motivation for scaling solutions

- Inscriptooors will lose a lot of money

- miners get well paid

Bad:

- fewer people will afford holding keys

- custodial wallets will hold much more sats

- chain will bloat for ever

- LN fees will grow

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If all the major exchanges halt btc transactions will there even be a bull market??

If they halt BTC, they wont get any BTC and can have fun staying poor.