It is not easy for a contentious fork to make a name for itself, especially if the community that chose to split divides even further as the years go by. Despite all these hurdles, Bitcoin Cash is still one of the go-to options for peer-to-peer payments and is arguably the most established Bitcoin fork. In this article, we will have a look at Bitcoin Cash price prediction 2022 to 2030 to see what experts say about its value in the future.
Bitcoin Cash Price Prediction 2022–2030
- Bitcoin Cash price prediction 2022 does not see BCH reaching a new ATH this year;
- By 2024, it can return into a four-digit zone but will barely exceed $3,500 by 2025;
- At the end of the decade, in 2030, BCH may be worth over $9,000.
What is Bitcoin Cash (BCH)?
In short, Bitcoin Cash is a hard fork of Bitcoin that split 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.
Bitcoin Cash (BCH) represents the “larger block size” solution. Bitcoin Cash as of today, after several upgrades, 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 History
BCH Price in 2017–2018
Due to significant support, Bitcoin Cash has started its independent journey at around $400. Even despite the initial support 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 on December 20, 2017. The following correction was market-wide but during a brief 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 split, forking it into BCH and BSV. Prior to the event, the price briefly spiked to $600 only to drop to double digits a month later.
BCH 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.
In spite 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 2021-2022
We can see a striking similarity between BCH price charts in 2017–2018 and 2021–2022. Though it failed to overcome its previous record in May 2021, at the peak of the latest market cycle, it reached $1,542.43.
In November, when Bitcoin was running toward a second leg up and even beat its ATH, BCH did not see enough volume to back up any kind of significant price action.
Nonetheless, 2021 closed at $430.64 to a gain of 26% from the start of the year. In 2022 so far, the downtrend has not relieved its grasp, and BCH keeps losing value.
What Can Influence the Price of Bitcoin Cash?
Miner Reward Halving
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 and just like before, this event was expected to trigger a bull market.
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 was meant to become the ‘digital cash’ Satoshi Nakamoto wanted Bitcoin to be. The Bitcoin Cash community is interested in increasing the number of businesses that accept the currency.
The prospect of official adoption and receiving a legal tender status recently came from a Netherlands constituent kingdom of Sint Maarten. The head of United People’s Party, Rolando Brison, announced he is researching a bill that would make Bitcoin Cash legal tender in their jurisdiction.
In addition to integrations that expand 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, such as arithmetic operations on larger numbers and introspection operations.
The influence of scheduled upgrades works both ways: positively and negatively. The update on November 15, 2020, saw the chain split into BCHN and BCHABC.
The main point of contempt was in block reward distribution: BCHABC supporters insisted 8% of it should go to a centralized treasury. The split didn’t affect price much but the investor confidence was shaken as this was yet another case of community disagreement.
Bitcoin Cash on Twitter
— TheWolf (@TheWolfofcallst) March 24, 2022
Trader TheWolf shared a chart claiming that the setup for BCH is pretty promising.
— phoney (@phoneywc) March 28, 2022
The sentiment is shared by another trader, phoney. They are analyzing volume and relative strength index to anticipate trend changes.
— Jennifer Harding Marlin – jhmarlin.com (@jh_marlin) March 21, 2022
And here is the news that brought BCH back into the spotlight. Whether it will become Sint Maarten’s legal tender is one of the many things to look forward to in the near future.
Bitcoin Cash Price Prediction 2022
The Economy Forecast Agency’s LongForecast tells traders and holders to brace for volatility. The peak will be reached in May 2022, $495, and the year is predicted to close at $368.
TradingBeasts are not bullish, either: according to their Bitcoin Cash price prediction, it’s all downhill from here. By December 2022, BCH will have lost 17.95% of its value and close somewhere between $265.282 and $312.097.
YouTuber HueFin News is more optimistic, though. Right now and for some time into the near future, BCH will be trading sideways between $260 and $380.
The watershed level which will decide where BCH will move is at January 2022 prices, $375–400. If the buyers sustain the momentum, BCH can break out to the upside to $450–500.
Bitcoin Cash Predictions for 2023–2024
With volatility taken into account, DigitalCoinPrice predicts that early 2023 will see BCH at its highest, $682.06 in February. By December, it will shed some value and move lower down to $501.40 at the very least.
According to the Bitcoin Cash price prediction by WalletInvestor, BCH holders will stay in the black but will not see significant returns beyond 66.8% in 2024. Average price of opening will float around $943.224, and having touched a high at $1,067 and a low at $551, BCH price is expected to return to the high at 2024’s close.
Bitcoin Cash Price Prediction 2025
In a few years, in 2025, CryptoGround projects that BCH will multiply its value. It can grow up to $1,864.6867.
Decent growth is predicted by CoinPriceForecast: they project that in 2025 BCH can appreciate by +144% and be worth $930.
Coinpedia analytics dismiss the possibility of BCH ever crashing simply because it is based on Bitcoin. Their conservative BCH forecast for 2025 gives a target around $900 but they do not rule out it reaching $1,195.11 and even run to $3,566.73.
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.
ChangeHero’s BCH Price Prediction
Bitcoin Cash has a supportive community and 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 even DeFi.
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.
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;
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- 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].
How to Buy and Sell Bitcoin Cash on ChangeHero?
Did you know that you can not only swap crypto on the ChangeHero website but also buy and sell it with your credit card? It is not as quick as by exchanging but nonetheless convenient, here is how you do it:
- Click the “Buy or sell crypto” shortcut in the calculator on the home page. Choose a country of residence and the fiat currency;
- Double-check the pair and rates and input the BCH address. Read and accept the Terms of Service before proceeding;
- Input and verify your phone number with an SMS code;
- Provide the information of your debit/credit Visa/Mastercard bank card. Your bank will initiate a 3D-Secure Authorization next. Some countries require additional security code checks;
- Finally, you will be asked to provide a government-issued ID (passport, ID card, driving license) and a selfie with the document for a quick KYC procedure;
- If all goes well, from there on the provider will process your purchase within 30 minutes. If you provided an email, you can receive a summary of your purchase.
Bitcoin Cash is seeking adoption as the “digital peer-to-peer cash” Satoshi Nakamoto described in the whitepaper that started it all. Arguably, it is one of the most reputable Bitcoin forks, so its adoption prospects are believable.
Frequently Asked Questions
What is Bitcoin Cash (BCH)?
Bitcoin Cash is a contentious fork of Bitcoin that split after the debate about scaling solutions. The main chain opted for additional protocols while Bitcoin Cash increased the maximum block size. Bitcoin Cash’s chain was split again in 2018 and 2020.
Will Bitcoin Cash go up again?
The opinions of experts and analysts are split but the majority believes BCH can perform well and gain value.
What will Bitcoin Cash be worth in 2022?
Depending on who you ask, experts give estimates between $260 to $500.
What will Bitcoin Cash be worth in 2025?
Analysts’ opinions give a range between $900 and $3,566.73.
What will Bitcoin Cash be worth in 2030?
Analysts’ opinions give a range between $1,590 and $9,038.
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.