‘A $28 Trillion Opportunity’—Crypto Braced For A Huge Earthquake As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Swing

Bitcoin
BTC
, ethereum and other top ten cryptocurrencies have found a floor following a huge sell-off this year that could turn into “panic.”

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The bitcoin price has crashed 70% since hitting a peak of almost $70,000 per bitcoin in November last year, crumbling in the face of the Federal Reserve’s “brutal” interest rate hikes. The crash has wiped around $2 trillion from the price of ethereum and other top ten cryptocurrencies BNB
BNB
, XPR, solana, cardano and dogecoin (though a major U.S. regulator this month issued a surprise bitcoin and crypto price prediction).

Now, Yassine Elmandjra, the top crypto analyst at Cathie Wood’s Ark Investment Management, has said bitcoin is a “$28 trillion opportunity,” standing by a previous prediction the bitcoin price will hit $1 million per coin by 2030.

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“When we look at bitcoin’s potential, we segment it across several use cases—everything from it competing as a digital store of value, to a settlement network, to an insurance policy against arbitrary asset seizure,” Elmandjra told Bloomberg. “When you stack every use case one on top of another, you come to about a $28 trillion opportunity, which translates to more than a million dollars per bitcoin.”

Bitcoin supporters have argued that the cryptocurrency will eventually supersede gold…