The last week was extremely dynamic for the cryptocurrency industry. For the first time in a long time, we can say that the altcoin season has started in earnest. Many small projects, both new ones and those we know from the previous bull market perforated exceptionally well. This and much more highlights in the latest episode of Bitcoin Radio! Open in Spotify Today on Bitcoin Radio 11 years ago there was a poker tournament. The prize for the winner was 1500 BTC - the equivalent of $120 back then. As you can guess, in 2021 that sum would allow not only for a good dinner, but also for a prosperous retirement in a warmer climate. A story analogous to Laszlo Hanyecz's Bitcoin Pizza - yet entertaining every time. Cardano has been in the spotlight lately. The reason is not only the achievement of ATH by the coin ADA, but also the bold statements of Charles Hoskins, who heads the project. Cardano has been accused of lacking actual utility. This week, however, we learned that the project is preparing for a breakthrough. Smart contracts will be launched as early as next month. Microstrategy's Michael Saylor will be featured in a fortune-telling corner on the 39th episode of Bitcoin Radio. Saylor claims that Bitcoin will reach a price of $5 million. Seriously. For real. It's kind of funny, considering how "wrapped up" his company is in the cryptocurrency king. Theme of the week The topic of the week is the officially started altcoin season. Popular cryptocurrency analyst and youtuber Ben Armstrong shared his opinion on promising altcoins that cost less than $1 apiece. The list includes not only new items, but also those that we already know quite well. What's interesting is that every item Armstrong has proposed has recently seen its price skyrocket (by up to several hundred percent). However, Armstrong's proposals are not the most important thing in all of this. The main thing is that we can finally say that Bitcoin is no longer dominating in terms of growth rate. Many altcoins are growing much faster than Satoshi Nakamoto's creation - what does this suggest? Investors are probably looking to make a lot of money quickly on something that is not as expensive as BTC - this is understandable. However, this is very reminiscent of the market mania phase of 2017/18. Do you remember how it ended then? Well, that's right. Tags ben armstrong bitcoin bitcoin radio btc
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