Bitcoin Cash is one of the top digital currencies in terms of trading volume on the market according to statistics on Coinmarket. Many even think that it will replace Bitcoin as the most valuable digital currency. Within the scope of this article, we will take a closer look at Bitcoin Cash.
Bitcoin Cash (BCH) is a digital currency created in May. August 2017 from a Bitcoin fork proposal. Bitcoin Cash increases the block size, allowing more transactions to be performed.
Bitcoin Cash has many similarities with Bitcoin. August 1, 2017 is the day of the hard fork that splits BCH and BTC. This means that a person who held 1 BTC before the fork will receive 1 more BCH after the fork.
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However, this only happens with BTC held on private wallets, with BTC held on exchange wallets not receiving BCH.
Fundamental difference between Bitcoin Cash and Bitcoin?
Cryptocurrency market can be considered as the most volatile market today with big and sudden changes in price due to many factors such as laws, politics, competition, the emergence of technologies. Therefore, making an accurate prediction for the future of Bitcoin Cash is not an easy task. In this case, we can consult experts / institutions with extensive experience in the field of cryptocurrencies. As for the future of Bitcoin Cash, a number of experts have made specific comments as follows:
Roger Ver , the founder of Bitcoin.com, considered by the Bitcoin investment community as “Bitcoin Jesus” as one of the main supporters of Bitcoin Cash since its inception predicting that the price of Bitcoin Cash could double the price of Bitcoin. within the next one year period. According to him, Bitcoin Cash is popular because it can be stored and paid out like cash, which makes it easy to use in everyday life.
Trading Beasts predicts 2019 will be a lucky year for BCH and its price can reach 2703.17 USD by the end of 2019. In 2020, Bitcoin Cash price could be reached $5,635.44.
Crypto Ground predicts Bitcoin Cash price could reach $707 by the end of 2019 and in the next 5 years, BCH could reach $3,067.
Smartereum is a cryptocurrency price prediction site that predicts that Bitcoin Cash will reach $6700 within a period of time. less than 1 year and within 5 years Bitcoin Cash price will reach 24,600 USD.
Although compared to the time when BCH price reached the highest point around around $4000, at the moment, BCH has lost 90% of its value. However, it can be seen that the trust of the community and experts in BCH is still very strong. And as long as there is community and support, sooner or later we will see positive signs of Bitcoin Cash.
If you have any comments about Bitcoin Cash, please leave your information in the comments so we can discuss further!
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