In this guide, we will express our and the market’s opinion on the future of BSV as we discuss Bitcoin SV’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, let alone predicting the future of a new highly volatile financial asset like Bitcoin SV.
Now, let’s get into it.
Before we delve into Bitcoin SV’s price prediction and answer questions about whether BSV is a good investment or not, why BSV will succeed or fail, or why the price of Bitcoin SV will rise or fall, let’s quickly take a look at what BSV is and its history to date.
What is Bitcoin SV?
Satoshi Vision (SV) is a cryptocurrency created in late 2018 by forking the Bitcoin Cash blockchain and adjusting the protocol with larger blocks to reduce transaction fees. The name comes from the belief of its proponents that cheaper fees align with Satoshi Nakamoto’s vision for Bitcoin. The development of Bitcoin SV is driven by nChain, and the new cryptocurrency was supported by early Bitcoin Cash backers such as Craig Wright and Calvin Ayre.
Bitcoin SV aims to have a fixed protocol structure in order to provide the kind of stability that potential investors and enterprise-sized applications tend to seek. The Bitcoin SV protocol is designed to be highly scalable and regulatory compliant to gain mainstream trust and ultimately global business adoption. Despite these laudable goals, it remains to be seen whether the project can maintain long-term viability.
For one thing, large blocks are faster, although they sacrifice decentralization because fewer full nodes are able to store the entire history of the blockchain due to increased memory requirements. In other words, small blocks are slower but retain the key benefits of decentralization and security because multiple nodes can join and maintain the network. Speed and decentralization essentially exist on one spectrum, so the more you have of one, the less you have of the other.
BSV Price Forecast for the next 90 days
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 algo 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 SV Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
BSV Price Prediction 2025 – 2030 – 2040
Our forecast model sees BSV faltering in 2025 and falling to $0 or nearly $0.
The price of Bitcoin SV in 2030 and 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project doesn’t offer any unique value to stand out from countless competitors, so we don’t think it’s worth investing in this coin in the long term.