Bitcoin Cash presents something of an anomaly for cryptocurrency investors at the moment. Whilst some are predicting that altcoin season is upon us, many others are still putting their faith in market leader Bitcoin. So where exactly does this leave BTC’s most famous offshoot, Bitcoin Cash?
Bitcoin Cash came into being when the original cryptocurrency hit a hard fork in 2017. Whilst the Bitcoin Cash architecture saw several refinements aimed at solving certain scalability issues, ultimately BCH is very similar to its predecessor in most respects - so whether it can be seen as an altcoin at all is somewhat open to interpretation.
But does this instead mean that Bitcoin Cash’s fate is intrinsically tied to that of Bitcoin? Prominent crypto analyst Roger Ver has gone on record saying that Bitcoin Cash still represents a new and improved Bitcoin - the true realisation of Satoshi Nakamoto’s original vision - and he has BCH doubling in value over the coming months.
There are also plenty of opportunities to spend BCH in the real world, which in practice cannot be said about Bitcoin due to its high fees and comparatively slow network speed.
All this surely makes it a good call to invest in BCH for the long haul, right?
In the following Bitcoin Cash price prediction, we’ll consider whether there is any weight to Mr Ver’s predictions and consider the case for BCH as an investment opportunity over the next five to ten years.
- Bitcoin Cash: Heir to the Throne?
- Looking at Bitcoin Cash’s Recent Price Performance
- Does Bitcoin Cash have a Future?
- Bitcoin Cash - What do the Experts Say?
- Is Tesla About to Jump on the BCH Train?
- What’s next: Bitcoin Cash Price Predictions for 2025
- Bitcoin Cash Price Predictions for 2030
- Conclusion: Should you invest in Bitcoin Cash?
- Where to Invest in Bitcoin Cash
Bitcoin Cash: Heir to the Throne?
Few crypto enthusiasts would contest that, to date, Bitcoin has been the most successful of all digital currencies and continues to dominate the market - and the news. But it is not without its shortcomings. One issue that has dogged BTC since its inception is its perceived lack of scalability.
By 2017, Bitcoin seemed to have lost sight of its original mission - that of a decentralised peer-to-peer payments system. The network had issues dealing with demand and BTC had become more or less an investment vehicle for those looking to cash in on BTC’s price movement. This is where Bitcoin Cash steps in.
Bitcoin Cash sought to solve the scalability issues of Bitcoin by increasing the size of blocks to between 8 MB and 32 MB, allowing more transactions per block and reducing network load. Effectively, this makes Bitcoin Cash far more suitable as an everyday payments system for retail transactions - particularly cross-border payments, which often invoke considerable fees if made with the likes of Visa or Mastercard.
However, aside from the block size side of things, Bitcoin Cash is remarkably similar to its predecessor. Both networks use a proof-of-work consensus mechanism to mine new coins and both have a total supply limit of 21 million. Both coins also use the SHA256 algorithm for mining, which means they effectively compete for resources with regards to mining.
So on paper, Bitcoin Cash seems like a natural successor to Bitcoin. However, technical improvements do not necessarily lead to price increases in the world of cryptocurrency and it seems that BCH is still a long way from taking BTC’s crown.
Looking at Bitcoin Cash’s Recent Price Performance
If you are planning to invest in Bitcoin Cash, then you’ve probably already been keeping an eye on its price movement of late. After a reasonably disappointing 2020, the BCH price charts have been somewhat chaotic going into 2021 - but Bitcoin Cash has been along for the ride on all of the market upswings so far.
Between December 2020 and January 2021, Bitcoin Cash surged by almost 120%, from $275 per token to just over $600. However, BCH’s charting diverged from many other top cryptos at this time as it saw a pretty steep decline later in January, with prices dropping down to $380 before things picked up again.
Bitcoin Cash then underwent another major bull market, with prices surging to $731 by mid-February. Once again, BCH was unable to hold its ground for long and prices soon went back into a downward trend, dropping to $476 by mid-March 2021.
However, the crypto market experienced another major upswing in April and Bitcoin Cash wasn’t left behind. Having started the month trading at around $536, the price of BCH skyrocketed, climbing as high as $1,095. At the time of writing, things had declined slightly but Bitcoin Cash was holding out at $896 per token.
Does Bitcoin Cash have a Future?
The original Bitcoin was a technical marvel when it was launched in 2009, but even the most ardent Bitcoin supporters would agree that its market dominance in 2021 is not a reflection of its technical superiority over the army of altcoins that came after it.
Bitcoin Cash is effectively a kind of Bitcoin upgrade, but whether or not it can compete with the myriad capabilities of altcoins like Cardano or Ethereum remains to be seen.
To some extent, Bitcoin Cash’s success is reliant on the fact that it was catapulted up the cryptocurrency rankings due to the notoriety of its predecessor - with the market cap of BCH having exceeded $7 billion within just one day of launching. However, it cannot claim the secure market dominance of its forebearer.
Effectively, this means that Bitcoin Cash’s continued success rests on its ability to fulfill its original intention - that of a peer-to-peer payment option for retail transactions. The good news here is that Bitcoin Cash is amongst the most widely supported cryptocurrencies for consumer transactions and is supported by online payments giants including PayPal and BitPay.
Read More: Could Bitcoin Cash Be A Millionaire Maker?
Bitcoin Cash - What do the Experts Say?
Choosing whether or not to invest in Bitcoin Cash really comes down to whether or not you believe it people will embrace BCH as a payment method. How likely this is depends largely on who you ask, but Bitcoin Cash has its fair share of supporters out there.
We have already mentioned long-time BCH proponent Roger Ver. He is quick to point out that Bitcoin Cash is already a major contender as the world slowly begins to embrace digital payments. “One of the things that most people don’t realize — there are already more transactions happening on the Bitcoin Cash network, right now, today, than there are on the Bitcoin network,” he told Forkast.News.
Ver goes on to say that “Bitcoin Cash is the original Bitcoin described in the Bitcoin white paper. It’s the peer-to-peer electronic cash for the world that can bring more economic freedom to every single human being on the planet.”
Of course, Roger Ver is a known advocate of BCH, but he isn’t alone in his optimism. Sydney Ifergan, a prominent crypto expert and advisor for the Digibyte Foundation, believes that “Bitcoin Cash has a much stronger capacity to handle a growing scale of the user base,” when compared to certain other digital payment options.
He has also gone on record saying that “Bitcoin Cash also shows a brighter future with its stronger emphasis on far improved scalability, and economical transaction fees.” He added that whilst Bitcoin will remain the number one crypto, “Bitcoin Cash will clearly take a strong part by its improvement and continuous adoption.”
Is Tesla About to Jump on the BCH Train?
Prominent crypto investor and MEGA founder Kim Dotcom has also been bullish on Bitcoin Cash lately, predicting that Bitcoin Cash could soar to over $3,000 by the end of 2021. Even more recently, Dotcom has issued a tweet defending BCH as the cryptocurrency of the people, insisting it is much better suited to “the mass market” than Bitcoin, which he said was for “the one per cent”.
Where it gets interesting is that Kim Dotcom tagged Elon Musk in the post, referencing Tesla’s recent announcement that it now accepts payments in Bitcoin. Musk replied, simply saying ‘fair point’, but following the post, Tesla updated its small print with regards to cryptocurrency payments.
Where the policy once read:
“Bitcoin is the only digital asset that we accept at this time. You may not make purchases with us using any other digital asset, including Bitcoin fork products, such as Bitcoin Cash and Bitcoin SV.”
It now reads:
“Bitcoin is the only cryptocurrency Tesla accepts. You may not make purchases with us using any other digital asset. We will not receive the transaction and it will likely result in a loss of funds for you.”
Naturally, this has led to wild speculation that Tesla may soon start accepting Bitcoin Cash. Of course, there have been no official announcements as to this, but as we have seen with DOGE, the slightest endorsement from Elon Musk can have significant effects on a cryptocurrencies price performance.
What’s next: Bitcoin Cash Price Predictions for 2025
Of course, we can talk all day about the technical particulars of Bitcoin Cash and speculate on how likely it is to become the payment method of the future, but ultimately what matters to investors are reliable Bitcoin Cash price predictions. So what are the top analysts forecasting for BCH?
In the coming five years, many top analytical platforms are certainly optimistic about what Bitcoin Cash can achieve.
One platform that is very optimistic about Bitcoin Cash is DigitalCoinPrice. According to its technical analysis, BCH will climb steeply in the coming years, finishing 2021 at $1,289.57 and continuing an upward trajectory between 2022 and 2024, reaching $2,564.80 by the end of 2025.
Coin Price Data has Bitcoin Cash (BCH) reaching $1,850 by the end of 2021 and continuing to rise at an exponential rate over the next few years, potentially reaching $3,000 by 2025.
Elsewhere, TradingBeast projections for Bitcoin Cash are slightly more conservative. Whilst it does have BCH pegged for growth, it will be somewhat subdued, creeping up little more than 10% across 2022 and only just getting past the $1,200 mark in March 2024. By December that same year, TradingBeasts has BCH trading at a high of $1,683.78.
The Economy Forecast Analysis's Bitcoin Cash price prediction points to a more eventful future for the altcoin. The platform has BCH performing very well across 2021, closing the year at $2,200. The website then has Bitcoin Cash price peaking at an impressive $3,200 in 2022, dropping as low as $2,500 by 2024. By 2025, the platform has Bitcoin Cash recovering, climbing back up to around $3,500 by the end of the year.
Finally, Prime XBT has also issued its own Bitcoin Cash price prediction for 2025. Having analysed previous BCH trajectories, it has the coin closing in on its all-time high and potentially reaching $3,500 per coin.
Bitcoin Cash Price Predictions for 2030
Looking further ahead than 2025 inevitably involves more approximate Bitcoin Cash price predictions - which should serve as nothing more than a reflection of current market sentiment. The crypto market moves quickly and certain developments could render any five-to-ten year predictions null and void in a heartbeat. However, they are a useful means for gauging a token’s potential.
DigitalCoinPrice, for example, maintains its optimistic outlook for Bitcoin Cash well beyond 2025. It has BCH continuing to go up in value year-by-year, reaching $3,501.70 by 2027 and surpassing its all-time high the following years, topping out at an impressive $4,115.57 per coin in 2030.
CoinSwitch has made a very similar prediction. Analysts there believe that Bitcoin Cash has a very real chance of reaching $5,000 mark by 2030. Coin Price Data is overwhelmingly optimistic, they have Bitcoin Cash BCH continuing to rise substantially each year between now and 2030 ending up at over $6,000 per coin in 10 years.
A cryptocurrency research firm by the name of Crypto Research Report is calling for Bitcoin Cash (BCH) to reach $3,200 by 2025, and $5,500 by 2030.
However, of all the Bitcoin Cash price forecasts we encountered, CoinPriceForecast was predicting the most impressive price movement. According to its long-term outlook, Bitcoin Cash is expected to exceed its previous ATH as early as 2022 and continue growing over the next decade, reaching a high of $6,939 by the end of 2030.
Conclusion: Should you invest in Bitcoin Cash?
Most Bitcoin Cash price predictions suggest that the digital asset can expect to see a significant growth over the coming years. Leading analysts vary wildly on their forecasts - but if even the most conservative predictions pan out, anyone who chooses to invest in Bitcoin cash could see decent returns.
There’s no denying that Bitcoin Cash is a riskier investment than some of the other top cryptocurrencies, such as Ethereum, Binance Coin and, of course, Bitcoin. However, there are numerous industry insiders that believe BCH still has some solid potential and will continue to be one of the most widely supported cryptocurrencies.
Ultimately, most platforms predict steady growth for BCH and as such it represents one of the more reliable investments in what is a very unpredictable crypto market. it’s impossible to say with any certainty whether any cryptocurrency is a good investment in the long term - the market and the technology simply move too fast. However, as we have seen, there is still plenty of optimism surrounding BCH and its future potential.
So is now a good time to invest in Bitcoin Cash?
Bitcoin Cash may well prove to be an excellent investment over the long term.
Prices are higher than they have been for a while, but the crypto market, in general, is remarkably healthy and has attracted a huge amount of attention in 2021. Whilst prices are unlikely to continue growing at the rates we have seen in the first quarter, there are no guarantees they will come down substantially.
Check Out: How to Invest in Bitcoin Cash
Where to Invest in Bitcoin Cash
Trading cryptocurrency is much the same as trading any other kind of asset - it is mostly conducted via brokers and/or exchanges that can facilitate transactions. If you’re new to the cryptocurrency market and are interested in investing in Bitcoin Cash, then the first thing you’ll need to do is find a reputable broker that can provide such a service.
We recommend eToro for most users, as it is suitable for both novices and more experienced traders. The platform features an intuitive trading interface with plenty of tools and metrics for monitoring your positions.
Alongside providing a reliable and trustworthy brokerage service, eToro also contains a wealth of information, including how-tos, trading tips and market news, making it the ideal platform for those new to cryptocurrency.
eToro – Best Broker to Buy Bitcoin Cash BCH
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
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Is now a good time to buy Bitcoin Cash?
Bitcoin Cash has had some impressive price movement lately, trading at its highest value for quite some time. However, there are plenty of indications that, rather than going into decline, the crypto market will continue to go from strength to strength. As such, anyone looking to buy Bitcoin Cash might want to do so sooner rather than later.
What are Bitcoin Cash price predictions like for 2025?
Most Bitcoin Cash price predictions for 2025 and beyond point to significant growth, but they tend to vary on exactly how much. For example, Coin Price Data believes BTC can reach $3,000 by 2025, whilst TradingBeasts has it no higher than $2,200.
Many other top crypto analysts are predicting growth over the next few years, with very realistic expectations that Bitcoin Cash could break $2,000 level by 2025.
What are Bitcoin Cash price predictions like for 2030?
Bitcoin Cash price predictions over the long term are surprisingly optimistic. For example, technical analysis conducted by CoinPriceForecast has BCH reaching $6,939 by the end of 2030. However, the crypto market is notoriously hard to predict and long term price predictions are speculation, at best.
Will the Bitcoin Cash overtake Bitcoin?
The crypto world seems to be perpetually on tenterhooks over which coin will finally topple the original Bitcoin. Whilst Bitcoin Cash is a long way off rivalling its predecessor, it isn’t beyond the realms of possibility that it could one day overtake it as a retail payment option - especially considering its superior scalability.
Where can I invest in Bitcoin Cash?
If you want to buy Bitcoin Cash - or any other cryptocurrency for that matter - then you’ll need to find yourself a reliable broker. eToro has one of the best reputations in the industry and we recommend it as a good starting point for most users. It's easy to get started and there’s plenty of information to help you improve your knowledge of the market.
Does Bitcoin Cash have a future?
Whilst Bitcoin Cash has failed to regain its all-time high of 2017, the Bitcoin offshoot has continued to be relevant as one of the most widely accepted cryptocurrencies amongst commercial enterprises and retailers. It has also received backing from several prominent industry experts and analysts. As such, there are plenty of reasons to believe that Bitcoin Cash will be around for a while yet.