In this guide, we will express our and the market’s opinion on the future of BCH as we discuss Bitcoin Cash’s price predictions for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, not to mention predicting the future of a new highly volatile financial asset like Bitcoin Cash.
Now, let’s get into it.
Before delving into Bitcoin Cash’s price prediction and answering questions about whether BCH is a good investment or not, why BCH will succeed or fail, or why the price of Bitcoin Cash will rise or fall, let’s quickly take a look at what BCH is and its history to date.
You can buy, trade BCH on many exchanges, including major platforms such as eToro, Cex.io, Coinbase, and Binance.
Table of Contents:
Bitcoin Cash Intro
In mid-2017, a group of developers who wanted to increase the bitcoin block size limit prepared a code change. The change, called the hard fork, went into effect on August 1, 2017. As a result, the bitcoin ledger called blockchain and cryptocurrency divided into two.
Bitcoin
Cash (“Bcash”) was created out of tension among early Bitcoin investors over rising transaction fees and increasingly divergent opinions on the best on-chain scaling solutions for Bitcoin. Bitcoin Cash also prioritizes strict adherence to what is called Satoshi’s “vision” for the original Bitcoin. Consider peer to peer transactions as the core value proposition of the network and the factor that should be optimized against other competing factors such as security.
It differs from other versions in that it allowed the block size to be increased from one MB to eight MB. Its overall goal is to increase the number of transactions that can be processed by the network, hoping that Bitcoin Cash will be able to compete with the volume of transactions that industry giants such as PayPal and Visa can currently process.
Bitcoin Cash Price Prediction
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algorithm still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Bitcoin Cash Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
BCH Price Prediction 2025
Our forecast model sees BCH reaching $187.71 in 2025.
How much will BCH be worth in 5 years?
The price of BCH in 5 years could be around $ 175.95
Bitcoin Cash Price Prediction 2030 – 2040
How much will Bitcoin Cash be worth in 2030?
Our forecast model sees Bitcoin Cash reaching $469.28 in 2030.
How much will Bitcoin Cash be worth in 2040?
Our forecast model sees Bitcoin Cash reaching $938.55 in 2040.
Will Bitcoin Cash replace/surpass/surpass Bitcoin?
No, Bitcoin Cash will not replace or exceed BTC.
Can Bitcoin Cash reach $1000?
Yes, Bitcoin Cash could reach $1000 by the end of 2022.
Is Bitcoin Cash worth buying?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, it is worth buying Bitcoin Cash.
Is Bitcoin Cash a good investment?
Bitcoin Cash is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will Bitcoin Cash be worth?
For the short-term future, it could reach $58.68. In the long term (8-10 years), it could jump to $469.28 or even higher.
Why will Bitcoin Cash succeed and rise in price?
Bitcoin Cash has a good use case, well-designed tokenomics, active community, and a solid team behind it. All of these are a prerequisite for success and that’s why our prediction model sees Bitcoin Cash rise to $469.28 in 2030.
Why will Bitcoin Cash fail and fall in price?
Cryptographic projects fail for various reasons. Some of the most common are: the team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will Bitcoin Cash go?
Our prediction model sees the price of Bitcoin Cash explode and reach $938.55 in the distant future.
Can Bitcoin Cash make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become a Bitcoin Cash millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Bitcoin Cash could make you a millionaire.
Long-term forecast for BCH
Most projects will fail: some startups are created only to raise funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but are actually useless for the cryptocurrency market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and
there are a lot of very, very bad ideas, and also some scams.”
As a result, more than 95% of cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will BCH be among that 5%?
A 600+ day review of the available data on the bitcoin cash blockchain shows that despite passionate discussions and big promises made about its 8MB block size, it never came close to filling this capacity.
Bitcoin Cash still lags far behind Bitcoin not only in proportional terms but also in absolute terms as both miners and consumers have overwhelmingly chosen to stick with Bitcoin. Data shows that, far from compiling or even approaching the block size of 8 MB, BCH has an average block size of only 171 KB since the August 2017 fork. Bitcoin, by comparison, averaged about 934KB of its 1MB block capacity over the past month. In other words, BCH is only using about 2.1% of its blocking capacity.
It seems to be a failed experiment now that Lightning Network is maturing. BTC invested in a level 2 solution and BCH invested in marketing to deceive new investors and attack BTC primarily. And this backfired when the market clearly signaled which coin is seen as the “real” bitcoin and which is relegated to the status of a simple altcoin.
In addition, the security of the Bitcoin Cash network is constantly threatened with reorganization and attack by 51% since its hashrate is a couple of orders of magnitude lower than that of bitcoin.
All this indicates that Bitcoin Cash has a low probability of succeeding in its original intention, but not everything is a doomsday for the project. It can still rotate towards something other than bitcoin, especially since project leaders show more agility in making changes than the main bitcoin field. This propensity to implement changes and new features could be an advantage for BCH in the future.
Why will BCH succeed?
The reasons why BCH rises and rises in price should not be ignored. BCH’s most important possible success propellers: cheap, fast transactions and faster, more agile enhancement implementation.
Transactions are extremely cheap on BCH, online businesses and merchant accounts can integrate it relatively easily and seize the opportunity to transact for an average price of $0.05 per transaction, saving heavily on trading fees and third-party implementations.
When the Bitcoin network is saturated with an overwhelming flow of transactions, waiting times can be longer and transaction fees can cost its users more – Bitcoin Cash instead hosts users with faster transactions and cheaper fees.
Why will BCH fail?
Price analysis or technical analysis will not be able to tell you. You need to look at the fundamentals to assess the future price and decide if the project has a bright future.
Small chest to fund their roadmap, team fatigue or infighting or rogue members that could disrupt development are all possibilities that could lead to BCH’s failure. However, the biggest threat to BCH is one of their biggest advantages: their attempted use case. It could very well be that the lack of identity and bungled bitcoin brand hijacking rebounds and ends up damaging bitcoin cash eventually.
The whole project is fragile as it depends essentially on the benevolence of a couple of individuals: first Roger Ver and then Jihan Wu of Bitmain. If these two, for whatever reason, decided to direct their wealth and influence into something else, BCH would sink similarly to Bitconnect.
Bitcoin Cash is mainly pushed by miners (Jihan Wu and his clan) who are able to use the ASIC exploit to their advantage. Bitmain in particular would prefer to see larger blocks that maintain the ASIC exploit to be more profitable. Preserving this exploit where Chinese miners have invested so much money is a key feature of Bitcoin Cash as it keeps their advantage alive.
The probability of this happening is quite high and this makes investing in BCH a highly risky venture.
Is BCH dead?
Another question pertinent to Bitcoin Cash’s price prediction is: is the project already dead? The answer is no, or not yet.
No, judging by the team’s activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although engagement levels are much lower than in 2017. Coin is also still listed on all major exchanges, which indicates that BCH is far from a dead project.
Frequently Asked Questions (FAQ)
Will Bitcoin Cash rise again?
BCH is tied to the hip of bitcoin and by extension of the entire market. If bitcoin rises again, it will pull BCH and other altcoins with it, which would mean – yes, BCH will go up again.
Why is Bitcoin Cash declining?
Because the whole market is in crisis. In addition, BCH had some problems with the centralization of miners and the lack of actual use cases that led to its reputational decline and, therefore, the decrease in speculative value.
Why is Bitcoin Cash better than Bitcoin?
Those who claim this usually point out its lower fees and faster transaction times as the main advantages over the king of cryptocurrencies: Bitcoin. However, these two supposed improvements have a huge drawback in terms of diminished network decentralization and technical instability (due to untested code releases and the frenetic approach that prioritizes speed over security).
