In this guide, we will voice our own and market’s opinion on BCH future while discussing Bitcoin Cash price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Bitcoin Cash.
Now, let’s head into it. Before we delve deep into the Bitcoin Cash price prediction and answer questions if BCH is a good investment or not, why will BCH succeed or fail or why will Bitcoin Cash price rise or drop, let’s quickly throw a glance at what is BCH and its to date history.
Bitcoin Cash Intro
In mid-2017, a group of developers wanting to increase bitcoin’s block size limit prepared a code change. The change, called a hard fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in 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. Viewing peer to peer transactions as the core value proposition of the network and the factor that should be optimized versus other competing factors like security.
It differs from the other versions in that in enabled the increase of the block size from one MB to eight MB. It’s 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 like PayPal and Visa can currently process.
Bitcoin Cash Price Prediction
The whole crypto world is on a verge of a full-fledged bear market. Bitcoin has slumped 50% from its all time high amid the broader market drops impacted by raging inflation and US Fed rate increases. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2022, especially in the second part of the year. This is reflected in our 2022 predictions. Right now, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
BCH Price Prediction For The Next 90 Days
Below is a tabular overview of how will BCH develop in the short-term (for the next 90 days), according to our prediction model:
Bitcoin Cash Price Prediction 2022
Majority of experts agree that this bear market will last at least for the first quarter of 2022 before we see some stabilization and small trend reversals. CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2022:
BCH Price Prediction 2025
Our prediction model sees BCH reaching $ 822.57 in 2025.
What will BCH be worth in 5 years?
The price of BCH in 5 years could lie around $ 839.02, according to CaptainAltcoin’s prediction model.
Bitcoin Cash Price Prediction 2030 – 2040
What Bitcoin Cash will be worth in 2030?
Our forecasting model sees Bitcoin Cash reaching $2056.41 in 2030.
What Bitcoin Cash will be worth in 2040?
Our forecasting model sees Bitcoin Cash reaching $4112.83 in 2040.
Will Bitcoin Cash replace / surpass / overtake Bitcoin?
No, Bitcoin Cash will not replace or overtake BTC.
Can Bitcoin Cash reach $1000?
Yes, Bitcoin Cash could reach $1000 by the end of 2022.
Is Bitcoin Cash worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Bitcoin Cash is worth buying.
Is Bitcoin Cash a good investment?
Bitcoin Cash is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Bitcoin Cash be worth?
For the short-term future, it could reach $267.55. In the long-term (8-10 years), it could jump to $2056.41 or even higher.
Why will Bitcoin Cash succeed and go up 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 is why our prediction model sees Bitcoin Cash rising up to $2056.41 in 2030.
Why will Bitcoin Cash fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: 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 well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Bitcoin Cash go?
Our forecasting model sees Bitcoin Cash price exploding and reaching $4112.83 in a distant future.
Can Bitcoin Cash make you a millionaire?
Yes, if you buy large enough sum of it. Do not 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 Price Prediction for BCH
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are 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 quite a few scams as well”
As a result, over 95% of cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will BCH be among those 5%?
An examination of the available 600+ days worth of data on the bitcoin cash blockchain shows that despite the impassioned arguments and big promises made about its 8 MB block size, it has never come close to filling out this capacity.
Bitcoin Cash still remains far behind Bitcoin not only in proportional terms but also in absolute terms as both miners and consumers have overwhelmingly chosen to remain with Bitcoin. The data shows that far from filling out or even getting anywhere close to its 8 MB block size, BCH has averaged a block size of merely 171 KB since the August 2017 fork. Bitcoin, by comparison, has averaged about 934 KB of its 1 MB block capacity over the past month. In other words, BCH is utilizing just about 2.1 percent of its block capacity.
It appears to be a failed experiment now that Lightning Network is maturing. BTC invested in a layer 2 solution and BCH invested in marketing to deceive new investors and mostly attacking BTC. And that backfired as the market clearly signaled which coin is seen as the “real” bitcoin and which one is relegated to the status of a mere altcoin.
Additionally, Bitcoin Cash network security is in a constant threat of reorg and 51% attack as its hashrate is couple of orders of magnitude lower than bitcoin’s.
All of this indicates that Bitcoin Cash has low probability of succeeding in its original intention but it not all is doomsday for the project. It can still pivot into being something different than bitcoin, especially as the project leaders show more agility in making changes than the bitcoin core camp. This proclivity to implementing changes and new features could be an advantage for BCH going forward.
Why will BCH succeed?
Why will BCH fail?
Is BCH dead?
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BCH is tied at the hip of bitcoin and by extension of the whole market. If bitcoin surges again, it will pull BCH and other altcoins along with it which would mean – yes, BCH will rise again.
Because the whole market is in a slump. Additionally, BCH has had some issues with miner centralization and lack of actual use cases which lead to its reputational decline and hence, diminished speculative value.
Those who claim this usually emphasize its lower fees and faster transaction times as major advantages over the crypto king – Bitcoin. However, these two alleged improvements come with a huge drawback in the sense of diminished network decentralization and technical instability (due to the untested code releases and hectic approach that prioritizes speed over security).
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com