As a Top-10 cryptocurrency on the market, Bitcoin Cash is definitely worth keeping an eye on. Improving the original Bitcoin model, it got to the top thanks to both influential backers and grassroot supporters. In this article, we will have a look at Bitcoin Cash price prediction 2021 to 2030 to see what experts say about its value in the future.
BCH Price Prediction 2021–2030
- Some Bitcoin Cash price predictions say that it can renew its ATH as soon as in 2021;
- Several forecasts suppose that BCH will go on a massive rally in the next couple of years;
- By 2025 it can multiply in price to over $10 thousand and even come close to the BTC price in 2030.
What is Bitcoin Cash (BCH)?
In short, Bitcoin Cash is a hard fork of Bitcoin. It diverged from it in August, 2017 as a result of a long community discussion about solving the scalability problem. Possible solutions included modifying the source code to allow a second layer or increasing the 1MB block size.
BCH is the “larger block size” solution to the problem. It was supported by Jihan Wu of Bitmain and Roger Ver. Bitcoin Cash features 32 MB blocks, which let more transactions be processed at once.
ChangeHero has a beginner’s guide to Bitcoin Cash if you want to learn more about the history and applications of the coin.
Bitcoin Cash Price Analysis
Bitcoin Cash Price in 2017–2018
Due to significant support, Bitcoin Cash has started its independent journey at around $400 USD. Even despite the initial listing refusals from Coinbase and Itbit, it reached the $900 mark just a few weeks later. The rise did not last and BCH entered a downtrend as the investors were selling BCH acquired at the moment of forking.
It lasted until November, and Bitcoin Cash quickly caught up to the boom that the whole market was experiencing. During it, its price has risen to an all-time high of $4,355.62 USD on December 20, 2017. The following correction was market-wide. During a short bull market in spring 2018, Bitcoin Cash outperformed the parent coin and surged by +580% to $470.
In November, 2018, the ongoing arguments over scalability resulted in another Bitcoin Cash chain hard fork, splitting it into BCH and BSV. Prior to the event, the price briefly spiked to $600 only to drop to double digits a month later.
Bitcoin Cash Price in 2019–2020
The recovery later in 2019, or at least a few spikes, can be attributed to scheduled upgrades. Schnorr signatures and SegWit recovery change further improved the network’s scalability. Regardless of a painful start to the year, Bitcoin Cash performed decently, gaining ~30% and keeping the momentum into early 2020.
In March of 2020, following the stock market, the entire crypto market plunged. BCH’s own halving took place on April 8, 2020 but unlike the case with Bitcoin halving, BCH did not rally. By the end of the year, though, it picked up some steam and closed above $350.
Bitcoin Cash Price in 2021
In 2021 so far, BCH has been performing bullishly. It has increased in price by more than 300%. At the time of writing, BCH price is $1,401.57 and the coin is ranked 10th by market capitalization on CoinMarketCap.
What can Influence the Bitcoin Cash Price?
Regular and pre-programmed miner reward slashing, also known as “halving” is one of mechanisms to keep a cryptocurrency deflationary. All three major branches of Bitcoin shared the first two halvings, but 2020’s third halving was the first for BCH. The block reward was lowered to 6.25 BCH.
Just like before, this event was expected to trigger a bull market. ChangeHero has an article on the immediate impact of this event. There was no repetition of the events of a Bitcoin halving but the total supply of BCH (21 million) is still decreasingly accessible. With that quality in mind, it also can act as a hedge asset.
Bitcoin Cash is designed towards daily use rather than to store value. The more projects actually use and build on Bitcoin Cash, the more investors come in. For example, Smartbch project is a BCH sidechain compatible with the Ethereum EVM and Web3.0 apps. This project can help developers build on top of BCH blockchain or migrate from Ethereum.
The increase of value can come not only from large investments but through a wider reach as well. The Bitcoin Cash community is interested in increasing the number of businesses that accept the currency. The volunteer developers build the network to make it as usable and convenient as possible.
In addition to integrations that enrich the Bitcoin Cash ecosystem, BCH chain upgrades two times a year on a schedule. The upcoming May 15 update will not have any fundamental consensus changes but will have quality-of-life improvements. For example, the unconfirmed transaction limit is set to be removed and double-spend tests will be introduced.
The influence of scheduled upgrades works both ways: positive and negative. The previous update on November 15, 2020, saw the chain split into BCHN and BCHABC. It didn’t affect price much but the investor confidence was shaken as this was yet another case of community disagreement.
Bitcoin Cash on Twitter
— TheShilling (@Theshilling4) May 8, 2021
Cryptocurrency trader TheShilling comes up with a short-term forecast for BCH. It has to fix above $1,300 on the weekly to move further up. At the moment, it’s already closed last week at approximately the same level.
BCH is having a good year because BCH is getting smart contracts. Time to pay attention
— Mike Komaransky (@mkomaransky) May 11, 2021
Influencer Mike Komaransky also thinks 2021 is going to be big for BCH because of the Smartbch project. Ethereum fees are already driving DeFi to other platforms, and the Bitcoin Cash ecosystem is striving to become an alternative.
— Bitcoin News (@BTCTN) May 5, 2021
The official Bitcoin.com account reported the Bitcoin Cash news with the contents of the upcoming upgrade. The reaction is overall favorable, as the holders get ready for BCH to become a better digital asset.
Bitcoin Cash Price Prediction 2021
LongForecast Bitcoin Cash Price Prediction 2021: $5,540
The Economy Forecast Agency’s LongForecast has probably the most bullish BCH price prediction for 2021. The peak will be reached in December 2021: $5,540, and the year is predicted to close at $5,178. For this prediction to become reality, the events have to play out as before, since this service uses historical data.
TradingBeasts Bitcoin Cash Price Prediction 2021: $1,214
TradingBeasts are not exactly very bullish on Bitcoin Cash. The maximum possible price at the year’s end according to the service is $1,517.855. The minimal predicted closing price is $1,032.141, making their average $1,214.284.
InvestingCube Bitcoin Cash Price Prediction 2021: $2,000
InvestingCube analytics weigh in on the short-term BCH price movement. The price has been in a steady uptrend, and the prices are at their 3-year high. The chart is forming a bullish flag pattern, which means an upward move to $2k is more likely than a bearish scenario.
Bitcoin Cash Price Predictions for 2022–2024
DigitalCoinPrice BCH Price Prediction: $2,845–$4,244
With volatility taken into account, DigitalCoinPrice predicts that BCH will start 2022 at its highest, $2,845. The next year will start at a slightly higher mark, $2,568, and 2023 will close near $3,500. This will be an average price in 2024, with the lows at $3,040 and peaking at $4,244.
WalletInvestor BCH Prediction: $1,164–$2,274
According to WalletInvestor, BCH holders will stay in the black but will not see significant returns. 2022 average BCH price will stay in the $1,300–$1,600 range, and in 2023 the range will extend higher up to $1,800. At the end of 2023 and in 2024, though, BCH will be trading at over $2,000 on average.
PrimeXBT Bitcoin Cash Forecast: up to $9,000
Another bullish BCH price prediction comes from PrimeXBT analysts. They believe if it manages to repeat the fractal move like Bitcoin, it can rally up to $9,000. However, the pullback will also retrace the entire move.
Bitcoin Cash Price Prediction 2025
CryptoGround Bitcoin Cash Price Prediction: $3,635
In approximately 5 years, CryptoGround projects that BCH will appreciate almost twice from now. In 2025, it can grow from $3,635.1778 to $4,194.4722, increasing by 174.51%.
CoinPriceForecast Bitcoin Cash Price Prediction: $17,152
Amazing growth is predicted by CoinPriceForecast: they project that in 2025 BCH can appreciate by +984% and be worth $17,152. Does not sound that far-fetched when BCH can grow 338% in a few months in 2021!
Coinpedia Bitcoin Cash Price Prediction: $2,500–3,000
Coinpedia analytics dismiss the possibility of BCH ever crashing simply because it is based on Bitcoin. It can multiply up to $6,000 in the coming years. However, by 2025, it will have plunged back and trend in the $2,500–3,000 range.
Bitcoin Cash Price Prediction 2030
Most past predictions could not foresee the 2021 rally, and forecasting to almost ten years in the future is unreliable. Some algorithms and services still try, though.
ChangeHero’s Bitcoin Cash Price Prediction
Bitcoin Cash has a supportive community, infrastructure which offers a lot of room for improvement. Bitcoin Cash is intended for daily use, which it achieves by having low transaction costs and integrating in payment solutions and DeFi. These factors might play into long-term establishment of BCH on the market and its value.
Considering all the data, it is fair to say Bitcoin Cash can beat its 2017 ATH. However, it is more likely to happen over time, making it a better option for long-term investments. It is also a good idea to have only a part of your portfolio dedicated to an asset.
How to exchange Bitcoin Cash on ChangeHero?
If you want to get your own share of BCH, ChangeHero is here to help. Swap cryptocurrencies, including Bitcoin Cash, lightning fast and with no sign-ups:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your BCH is on the way to your wallet.
The customer support is available 24/7 in the chat on the website or through the email: [email protected].
Bitcoin Cash is seeking adoption as the “digital peer-to-peer cash” Satoshi Nakamoto described in the whitepaper that started it all. BCH community is a strong asset for the ecosystem, development and adoption of the coin. Arguably, it is one of the most reputable Bitcoin forks, so its adoption prospects are believable.
We hope you enjoyed the article! What do you think about the predictions? Leave a comment in our blog! Subscribe to our social media for updates and latest news: Twitter, Facebook, Telegram and subreddit.
Frequently Asked Questions
How to buy Bitcoin Cash instantly?
To buy BCH with a bank card, create a new account or log in, choose the currencies, provide the addresses and bank account details and wait for your BCH.
How to sell Bitcoin Cash?
You can sell Bitcoin Cash on ChangeHero by following the same steps as with buying: create an account or log in, choose the currencies, provide the bank account details, confirm and make the transfer.
Is Bitcoin Cash worth investing in 2021?
The general consensus is that with the upcoming upgrades, the price of Bitcoin Cash will grow. Still, Bitcoin Cash will perform better in the long-term.
What will Bitcoin Cash be worth in 2022?
Depending on who you ask, experts give estimates between $1,300 to 9,000.
What will Bitcoin Cash be worth in 2025?
Analysts’ opinions give a range between $2,500 and $17,152 USD.
What will Bitcoin Cash be worth in 2030?
Analysts’ opinions give a range between $36,034 and $59,307 USD.
This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.