Bitcoin Cash Price Prediction Forecast: How Much Will Bitcoin Cash Be Worth In 2021 And Beyond?
BCH Price Prediction Forecast:
How Much Will Bitcoin Cash Be Worth In 2021 And Beyond?
Will Bitcoin Cash go up or crash? Read our Bitcoin Cash BCH Price Prediction 2021 – 2025
On the hunt for Bitcoin cash prediction 2021 - 2025? Or have you been struggling to answer the question ‘is Bitcoin Cash a good investment?’ Read on. Find out the top Bitcoin Cash Price prediction forecast for 2021 and beyond and discover how much Bitcoin Cash could be worth in 2021-2025.
Bitcoin Cash (BCH) has always been slightly controversial. First launched in August 2017, BCH is a Bitcoin hard fork that has since become the world’s fifth-largest cryptocurrency, with a current market capitalization of $4,896,465,172 and a price of $263.85.
Although many Bitcoin investors were initially against the creation of Bitcoin Cash, BCH now has a formidable fan club. In fact, lots of people believe that BTC could soon outperform even Bitcoin, the so-called king of cryptocurrency. But how realistic are these BTC predictions?
If you want to find out ‘is Bitcoin Cash a good investment’, read on — whether you’re considering adding it to your portfolio or simply want to keep on top of the most recent cryptocurrency trends. We’ll be exploring some of the most compelling Bitcoin Cash predictions for 2021 and beyond, so you can see what the top crypto experts believe is in store for BCH.
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What Is Bitcoin Cash?
We’ve already mentioned that Bitcoin Cash was created as a Bitcoin hard fork — but to understand the different BTC predictions, it’s important to recap exactly why the cryptocurrency was developed.
Ever since Bitcoin was launched in 2009, many people have had worries about its scalability. There is a total supply of ‘only’ 21 million Bitcoin tokens, of which around 18.5 million are already in circulation. Although Bitcoin halving occurs every four years in order to slow the circulation of new Bitcoin tokens, the crypto is expected to max out around the year 2140. It might be over 100 years away — but realistically, we don’t know how the supply and demand will change as the rewards for mining new blocks are slashed.
Another factor that capped the popularity of Bitcoin is the fact the crypto isn’t necessarily suitable for everyday transactions. Mining new blocks requires a huge amount of energy, and the Bitcoin network is only able to process 1MB of transactions every 10 minutes. (By contrast, Visa can process approximately 1,667 transactions every second!)
Enter Bitcoin Cash. Unlike Bitcoin Core, BCH has much lower transaction fees, can process more transactions per minute, and was designed to make everyday crypto payments easy. BCH uses its own network, separate from the Bitcoin network, which has increased the block size to 8MB. This means it’s much quicker to verify each new block.
Although this has raised concerns that the security of Bitcoin Cash isn’t as rigorous as Bitcoin Core, many investors believe the benefits outweigh any drawbacks. BCH has a lot of vocal supporters, including Roger Ver, an early Bitcoin investor who now champions Bitcoin Cash instead. In December 2018, he told The Independent that BCH “simply works better” than the original BTC. But what does the rest of the crypto world think? Let’s take a look at some short-term Bitcoin Cash price predictions for 2020-2021.
Short-Term Bitcoin Cash Price Prediction: 2020-2021
Bitcoin Cash BCH price prediction for 2020
What are crypto experts forecasting for Bitcoin Cash BCH in 2020?
As 2020 draws to a close, what could the remaining months of the year have in store for BCH? 2020 has been a particularly dramatic year for cryptocurrency, due to the widespread coronavirus crash that hit financial markets back in March. Every major cryptocurrency took a hit. The price of Bitcoin fell from around $9,000 to $4,000 in less than a week, while the price of Bitcoin Cash crashed from $266.75 to $152.22 in the space of a single day (March 12th).
Thankfully, the market as a whole has made an impressive recovery since then. In August, BCH even passed the $300 mark, but this has now dropped back down, leaving the crypto with a very average price ($263.85) at the time of writing. As this year has seen BCH halve and double in price, investors are looking towards the end of 2020 to see whether Bitcoin Cash is likely to enter 2021 on a high.
According to Cryptopolitan, we could be in for some good news. As we can see mapped out in the chart below, Bitcoin cash BCH could hit prices of $320 before the start of 2021:
This is because BCH has recently been following the same upward trajectory of Bitcoin Core as it surpassed $13,000. If BCH were to continue following this trail, its price would rise to $320 by mid-November. This would be a welcome antidote to the rather bearish run that we’ve seen since August.
Bitcoin Cash BCH price prediction for 2021
What are crypto experts forecasting for Bitcoin Cash BCH in 2021?
Some experts are even more optimistic. Roger Ver believes that Bitcoin Cash could double in price over the next 12 months, which would leave it hovering around $520. The last time we saw values this high was in November 2018, but because BCH is still relatively new, it’s not always possible to predict its future success based on the regularity of its past performance. After all, Bitcoin skyrocketed to an all-time high (ATH) of $20,000 in 2017 — eight years after it was initially launched.
DigitalCoinPrice.com has made a similarly bullish prediction. It predicts an excellent price of $627.3 by December 2020, reflected in the Bitcoin Cash price prediction chart below:
And its predictions don’t end there. The crypto platform believes that investors will see prices undergo an upward trend throughout 2021, albeit with periods of volatility that could cause sudden increases or decreases. For January 2021, for example, DigitalCoinPrice.com has listed a BCH price of $791.32. This price isn’t expected to last long and will in fact constitute an ATH for the cryptocurrency — something which could provide a profitable opportunity for savvy investors who know how to take advantage of spikes in the market.
However, it’s not all good news. The platform Trading Beasts believes that Bitcoin Cash will decline to an average price of $236.963 by the end of 2020, with this trend continuing throughout 2021. For October 2021, Trading Beasts lists a maximum price of $294.152 and a minimum price of $200.023. By the end of 2021, the platform expects the price to have settled around $235.079.
Would you consider trading Bitcoin Cash BCH in 2021?
Long-Term Bitcoin Cash Price Prediction: 2022-2025
What are crypto experts forecasting for Bitcoin Cash BCH in 2022-2025?
Looking ahead to 2022 and beyond, is Bitcoin Cash a good long-term investment? Let’s explore some of the top Bitcoin Cash price predictions for 2022-2025 to find out.
Returning to Trading Beasts, the crypto platform’s bleak projections unfortunately aren’t limited to 2020 and 2021. However, for investors who are looking to hold positions for a maximum of a couple of years, it appears as though Bitcoin Cash could potentially recover from its bearish run and return to higher figures in 2022.
Throughout the year, Trading Beasts predicts that the price of Bitcoin Cash will rise from an average of $296.191 in January 2022 to $389.820 in December 2022. This is a notable increase from the platform’s 2021 predictions — but watch out, because this bullish trend may be short-lived. In 2023, Trading Beasts foresees a much more bearish trend, with the crypto closing the year at the following prices:
- Minimum: $206.482
- Maximum: $303.650
- Average: $242.920
Even worse, LongForecast expects Bitcoin Cash to close at just $50 at the end of 2022, with its price declining below $100 from May. If you’re wondering ‘is Bitcoin Cash a good investment?’, this prediction is understandably worrying. But on the whole, cryptocurrency trends suggest that the price of BCH may recover following 2023. LongForecast cites June 2023 as the month that will signal a shift, with Bitcoin Cash climbing to a modest $114 by the end of the year.
For some more optimistic outlooks, let’s start by looking at the predictions of DigitalCoinPrice. Its bullish 2020 predictions continue up until 2025 and beyond, as we can see from their 2020-2025 Bitcoin Cash prediction graph:
According to its projections, DigitalCoinPrice believes that the price of Bitcoin Cash will hit $1,194.08 in December 2025, before climbing to $1,465.98 one year later. It’s a prediction which the website Wallet Investor largely agrees with. Its technical analysis has predicted that BCH will reach a value of $1,000 by the end of 2024 and increase throughout the next two years.
If these predictions are correct, then the price of BCH will remain at a minimum of $1,000 for the whole of 2025, with the exception of June and October when the price will temporarily drop down to $981 and $963.6 respectively.
Bitcoin Cash, as a long-term investment, it projects that Bitcoin Cash could perform much better. According to its predictions, the value of the Bitcoin Cash BCH coin could rise to $320 by the very end of 2020, rising to $410 in 2021, and achieving a mean price of $1,000 by 2025.
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Conclusion: Bitcoin Cash BCH Price Prediction Forecast
The below prediction figures outlines some of the high and low of Bitcoin Cash BCH price prediction forecasts in 2020, 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
How Has The Price Of Bitcoin Cash Changed In The Past?
Because Bitcoin Cash is one of the newer altcoins, investors aren’t yet able to analyze years and years of past performance. To compensate for this, some experts choose to compare the performance of BCH to that of BTC — for example, as Cryptopolitan did in order to predict Bitcoin Cash’s potential growth in 2020.
That said, Bitcoin Cash has never reached the high prices of Bitcoin Core. Some investors believe that it never will, partly because it was developed to facilitate simple everyday transactions. If the price becomes too high, it won’t necessarily be practical to use it to carry out ordinary online payments.
Bitcoin Cash was first released in 2017, which was a standout year for the cryptocurrency market in general. It was the same year that the price of Bitcoin soared to its (as-yet unrepeated) high of $20,000, while many altcoins also experienced huge growth. Ripple XRP, for example, grew by an incredible 36,000%!
Because the market was growing so quickly in the run-up to its eventual crash back down, the price of Bitcoin Cash changed dramatically the year it was released. We can see this in the chart from Coincodex below:
Its price spiked to $3,245.43 in December 2017 before crashing down to $986.26 in February 2018. Although there was a final price resurgence in May, the price of Bitcoin Cash has never exceeded $1,000 since June 2018.
What Factors Affect The Price Of Bitcoin Cash?
In order to answer the question ‘is Bitcoin Cash a good investment?’, it’s important to analyze more than just its past performance and future predictions. By exploring the different factors that can affect the price of Bitcoin Cash, you’ll be able to readjust your own predictions based on current cryptocurrency trends. Let’s take a look at some of the top factors that affect the price of BCH.
Supply And Demand
The price of a cryptocurrency will increase when the demand is greater than its supply. With Bitcoin Cash, there is the potential for investors to jump ship from Bitcoin Core. This happened soon after its launch, when prominent Bitcoin investors such as Roger Ver and a Welsh IT specialist James Howell (who hit the headlines in 2013 after accidentally throwing away a computer hard drive which was storing £4 million worth of Bitcoins) both pledged their support for BCH.
As concerns over Bitcoin’s inefficiency and lack of scalability continue to grow, we could see more and more investors switch to BCH in favor of its increased usability. This would mean that the demand for BCH tokens would go up, therefore driving up its price.
Another factor that could potentially cause the demand for Bitcoin Cash to increase is a growing awareness of the cryptocurrency sector. According to a survey that was organized by the Financial Conduct Authority (FCA) in the United Kingdom, 20% of respondents had heard of Bitcoin Cash, making it one of the most well-known altcoins. This is probably thanks to its connection with Bitcoin, which almost all of the respondents had heard of.
The fact that the general public is more aware of Bitcoin Cash than they are of other altcoins could mean that potential investors are more likely to start trading it, when and if they choose to enter the world of cryptocurrency.
Crypto Whale Bots
So-called whale bots are big cryptocurrency holders who create artificial volatility on a variety of cryptocurrency exchanges. By running software that makes trades automatically, usually on a huge number of different platforms and assets simultaneously, they can drive the price of cryptocurrencies up or down in order to profit from the volatility which they have created.
As Bitcoin Cash becomes more and more established, it’s started to become more widely accepted as a form of payment. Back in 2019, the fantasy sports platform Fanduel announced that it would accept BCH payments via Bitpay, allowing its users to place the cryptocurrency into their digital wallets.
With the worlds of cryptocurrency and online gaming becoming increasingly intertwined, we can expect to see more platforms follow suit in the coming years. This will drive demand for Bitcoin Cash, and consequently its price.
Availability On Crypto Exchanges
The growing popularity of Bitcoin Cash means that it’s now listed on major exchanges such as Binance, ShapeShift, Coinbase, bitFlyer, and Luno. As more exchanges add BCH to their lists, more investors and traders will have access to the crypto — and this is likely to increase the demand for Bitcoin Cash, resulting in more frequent trades and therefore more volatility when it comes to price.
- Bitcoin Cash is a hard fork which is currently the world’s fifth-largest cryptocurrency by market cap
- After plummeting from $266.75 to $152.22 in a single day during the coronavirus crash, the price of Bitcoin Cash has now recovered to a price of $263.85 at the time of writing
- Cryptopolian predicts that the price of Bitcoin Cash could reach $320 before the end of 2020
- The most bullish Bitcoin Cash price predictions claim that the crypto could reach $627.3 by December 2020
- LongForecast expects Bitcoin Cash to close at just $50 at the end of 2022, with its price declining below $100 from May
- Other crypto platforms believe Bitcoin Cash will hit $1,000 in 2024 and continue to rise throughout 2025
- BCH reached an ATH of $3,245.43 in December 2017
- The main factors which can affect the price of Bitcoin Cash are supply and demand; investor awareness; crypto whale bots; the variety of real-world applications, and the crypto’s availability on exchanges
If you’ve been looking for Bitcoin Cash price predictions 2021-2025, we hope this article has been helpful. Although the world of cryptocurrency is notoriously difficult to predict (and it’s crucial to carry out your own due diligence before adding any asset to your portfolio), the predictions we’ve included here provide a strong foundation for anyone wondering ‘is Bitcoin Cash a good investment’.
Overall, the outlook for BCH seems positive. Trading Beasts has the most bearish predictions for the coming years, but DigitalCoinPrice and other crypto platforms have a more optimistic approach. With many experts suggesting that the price of Bitcoin Cash will climb throughout 2021, 2022, and 2023 to hit $1,000 in 2024, it could be that BCH is most suitable for investors who prefer to hold long positions. It might not give you quick wins, but if you’re good at monitoring the market, BCH could potentially prove to be a smart investment for the next five years.
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Bitcoin Cash Price Predictions — FAQs
Is Bitcoin Cash a good investment?
Although investing in cryptocurrency is always risky, Bitcoin Cash is generally considered a good investment within the industry. Its high volatility means you can use it to try and cash in on short-term price movements, while the overall upward movement of the sector also means it could be a great long-term investment too.
What can I do with Bitcoin Cash?
You can buy, sell, trade, and invest in Bitcoin Cash as you would any other cryptocurrency. However, Bitcoin Cash was designed to make everyday online transactions easy, and many platforms such as Fanduel are enabling users to pay in BCH on their sites.
What is the difference between Bitcoin and Bitcoin Cash?
Bitcoin Cash was developed as a scalable hard fork of Bitcoin Core. It can process transactions more quickly, has lower transaction fees, and uses a different blockchain network that is far more efficient than the original Bitcoin technology.
Does Bitcoin Cash have a future?
According to investors such as Roger Ver, Bitcoin Cash is the future of cryptocurrency. Crypto platforms such as DigitalCoinPrice and Wallet Investor have a very positive outlook for BCH, with technical analysis suggesting that it will hit prices of $1,000 by 2024.
Is BCH better than BTC?
The answer to ‘is BCH better than BTC’ ultimately depends on what you want from your cryptocurrency. If you’re looking for a usable currency that will facilitate everyday online payments, BCH could be the better choice for you. Many investors believe that BCH is closer to the original Bitcoin vision which the anonymous founder of Bitcoin, Satoshi Nakamoto, outlined in their whitepaper.
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.