our other favorite topic you know it's going to be bitcoin bitcoin five years from now what's it
worth if if we're right and uh companies continue divers to diversify their cash
into something like bitcoin and uh institutions institutional investors start allocating five
percent of their funds towards uh i'll just say bitcoin for right now because we did that we
framed it for bitcoin could be for other cryptos as well um we believe that the the price will be
tenfold of where it is today so instead of 45 000 over 500 000. all right welcome back everybody to
altcoin daily where you subscribe because you're interested in making money with cryptocurrency
and to this channel keeps you informed my name's austin that was of course kathy wood of arkhanvest
heavily respected in traditional finance doubling down on her thesis that bitcoin will be worth
dollars per coin in the next five years and that's based on the value prop of the asset bitcoin
as well as the institutional demand that she's seeing on her side from traditional finance
and that means in general that millionaires will be made with cryptocurrency this decade
now i am interested to understand what you think if you plan to be a millionaire with
cryptocurrency hit the like button if you don't plan on being a millionaire hit the dislike button
it'll be very interesting to check that ratio likes to dislikes millionaires to other
and if bitcoin has that 10x potential which altcoins also have potential in this decade
to understand that let's look at the ones actually making progress first piece of news but by the way
check the time stamps down below ernst young has selected polygon to scale its ethereum blockchain
products on ethereum so ey is integrating all its blockchain products with polygon
to mitigate the high fees and congestion associated with transacting on the ethereum
main net for its enterprise clients so this is extremely bullish news for not only polygon but
also for ethereum both ecosystems huge huge sign of support for the long run from ernst and young
announced on monday ernst young's flagship blockchain services
including ey ops chain and ey blockchain analyzer will be integrated with polygon
allowing transactions to be committed to ethereum via the side chain and why are they doing this
ey emphasized that its enterprise clients will now have access to increased transaction throughput
with predictable fees and settlement times using polygon the firm also revealed that it's
working with polygon to offer permissioned private optimistic roll-up chains and we know roll-ups are
a layer 2 scaling solution that provides increased security and efficiency compared to transactions
on the eth main net ey will offer permissioned versions on polygon specifically for enterprises
in a final direct quote working with polygon provides ey teams with a powerful set of tools to
scale transactions for clients and offer a faster roadmap to integration on the public ethereum
mainnet give me your thoughts on this integration on this huge show of support from ey down below
but generally speaking this is a huge green flag for the ethereum and polygon ecosystem
for the long term and moving forward let's talk about nfts and nft platforms making major moves
google has just partnered with nft leader dapper labs to support the flow blockchain the search
engine giant becomes the latest company to support blockchain development in the emerging areas of
nfts and gaming so really pay attention to the building that is happening here because crypto and
nfts are not going away in fact this is the first cycle that institutions and major corporations
are making sure they do not get left behind and in this case the flow blockchain is benefiting
search engine giant google is joining forces with canadian blockchain studio dapper labs
to help support the development of new web3 products and services including the wildly
popular non-fungible token or nft marketplace so google cloud wants to support the nft marketplace
with flow as part of the deal google cloud will serve as a network operator for dapper labs's
flow blockchain the scalable infrastructure that powers an entire ecosystem of nfts games
and apps and this is a really big deal for flow because google cloud didn't choose ethereum or
binance or polygon they want a partner they want to be a node operator with flow janet kennedy
the vice president of google cloud north america said the multi-year partnership will help dapper
expand its operations through scalable secure infrastructure provided by google so i don't
know if we want google in our business in this decentralized world of cryptocurrency but honestly
if you want mass adoption this sort of thing is inevitable and flow blockchain in general was
always way more scalable but way more centralized than ethereum for example and that's i guess what
google wants the final thing i'll say is there's also an added benefit for developers of flow
google has also made it easier for flow developers to integrate with its software to integrate
with google cloud which gives them an added incentive to choose google cloud over competitors
such as amazon web services interesting turn of events do not take this for granted this is
a huge deal again unavoidable if you want mass adoption and if you hold flow you'll like this
before we get to cardano next piece of news for solana so lana has been down for multiple hours
today due to resource exhaustion so validators may have to restart the recent rising blockchain
network after it was overwhelmed by transactions wow so the network of solana went down because
they had too many transactions on the network and this is crazy because solana is supposed to
be that more scalable that platform that should be able to handle a lot of transactions details
from soul scan which is like an ether scan show us that the last solana block was produced around
8 am eastern time today and has been down and has not produced another block for nearly 4 hours
the official solana support twitter account initially tweeted that the mainnet beta network
was experiencing intermittent instability then they tweeted that resource exhaustion in the
network is causing a denial of service and engineers are working towards a resolution
and then following they tweeted again validators are preparing for a potential restart if necessary
so what caused this what was all this overload what was the reason for all these transactions
the ceo of solana labs told a user that the issue is due to overwhelming transaction volume from
bots during an initial decentralized exchange offering or an ideo for a project damn so one
single ideo caused the solana network to shut down i don't think that should really happen the ido
in question was taking place on the solana-based radium which is akin to a decentralized exchange
like a uniswap on ethereum and the launched ido appears to be something called grape protocol
which is a popular toolkit for solana d5 apps peer-to-peer lending and trading applications
and nft projects give me your thoughts on this down below generally speaking not a great day
for solana if if one ideo caused this now this is not the end of the road for solana they will
of course work this out and come back stronger but just take this as a cautionary tale that there are
bugs and there are things to work out with tech even on these base protocols next piece of news
on altcoin cardano the recent cardano blockchain upgrade sees over 100 smart contracts in the first
24 hours so just as a reminder cardano which is the third biggest blockchain by market cap
on september 12th successfully executed their allonzo hard fork which is an upgrade that gives
cardano smart contract functionality which gives developers the ability to create decentralized
applications with advanced use cases you know this we've covered this september 12th was a
successful upgrade for cardano and not only did they gain 100 smart contracts in the first day
they've also gained a massive amount of nfts iohk also founded a unique solution that allows the
creation of nfts on cardano without the need for smart contracts which means that cardano
has seen over 780 000 nfts created to date wow where are these nfts is there a site i want to
i want to see these nfts on cardano because i've seen the solano ones i've seen the eighth ones
that's a that's an outrageous number of nfts but a big win for cardano nonetheless
it means people are using the network so if you like cardano you love seeing these
numbers with nfts with smart contracts and in a final direct quote from charles hoskinson
this upgrade is the culmination of six years of hard work with some of the brightest minds
in blockchain and beyond the focus is now on improving the platform further
and ensuring cardano is adopted by corporations and governments with this launch commercialization
is as much in the hands of the community as it is the system architects and they
are already delivering in less than 24 hours over 100 smart contracts have already been run
so i will keep you updated on cardano but it's looking good looking very good and that is the
video my name is austin like always check out our how to become a millionaire with play to
earn cryptocurrencies i'm going to link this down below and like always see you tomorrow