There are thousands of cryptocurrencies and dozens of blockchain platforms that exist today. Ethereum’s blockchain is the underlying technology that many cryptocurrencies are built upon. However, the blockchain was invented for Bitcoin, the most popular cryptocurrency out there. And it’s the first decentralized cryptocurrency using blockchain technology to facilitate payments and digital transactions.
Bitcoin Cash (BCH) is a cryptocurrency that’s a fork of Bitcoin. A Bitcoin fork is a split that occurs in the transaction chain based on different user opinions about transaction history. This “hard fork” allows Bitcoin to process a greater volume of transactions.
If you’re thinking about investing in Bitcoin Cash, you may be wondering how high the price will rise in the next few years. In this post, we’ll explore the potential of BCH by looking at price predictions and considering the different factors that influence the price of the token.
Start investing in BСH Now with ByBit!Bitcoin Cash, also known as BCH, is a cryptocurrency created from a fork of Bitcoin. Forks create new versions of Bitcoin currency, and are natural results of the structure of the blockchain system. The goal of Bitcoin Cash is to increase the size of blocks, which allows more transactions to be processed and improves scalability.
As the most popular cryptocurrency in the world, the blockchain technology Bitcoin was built on slowed down. This, in turn, made the entire system unreliable and increased transaction fees. As a result of this slow down, Bitcoin needed a solution that would scale as more users bought and sold the product. Hence, the creation of forks.
BCH shares many of the same characteristics as Bitcoin (BTC). However, it integrates a number of changes and features that set it apart from BTC. It’s a decentralized peer-to-peer electronic cash system that doesn’t rely on any central authority like a government or bank.
By increasing the block size for Bitcoin Cash, it can process transactions more quickly than the Bitcoin network. This means that transactions are faster and less expensive.
Bitcoin Cash isn’t the only cryptocurrency built by a Bitcoin fork. There are others that have created new forms of Bitcoin that result from different perspectives on transaction history.
There are many factors that influence the price of BCH and other cryptocurrencies. Digital assets like crypto are highly sensitive to news and events as well as changes in market conditions. This is what makes them highly volatile—meaning that their prices rise and fall sharply within a short period of time.
When something happens in the news, it could cause the price of cryptocurrencies like Bitcoin Cash to rise or fall. That’s because anything that takes place that causes people to lose or gain trust in the token impacts the supply and demand of BCH. Therefore, the Bitcoin Cash price depends heavily on supply and demand fluctuations.
When more investors purchase BCH, demand goes up. This, will in turn, cause the price to go up. But on the other hand, fewer people may invest in the coin, which lowers its demand. The price will go down, as a result.
New technology can change investor sentiment about a particular cryptocurrency. Innovation and development could either cause investors to gravitate more towards one coin or lose interest in another coin.
For example, new technology could cause Bitcoin Cash to become obsolete. For example, the entire purpose of creating BCH was for its larger block sizes to make it more efficient and handle more transactions. So, it might seem like BCH has the advantage over Bitcoin. Yet, new technology is emerging that makes Bitcoin just as efficient as Bitcoin Cash.
This emerging technology is able to achieve this, and still allow Bitcoin to maintain the security and decentralization that makes it stand out from other cryptocurrencies. So, it seems like this solution, known as the Lightning Network, has ended one use case that Bitcoin Cash had over its predecessor.
Therefore, it may not be surprising to some investors if the price of BCH significant;y dips as it loses its value.
Market cycles happen in all financial markets. In the world of cryptocurrency, this is called the crypto cycle. In the crypto cycle, prices rise, peak, fall, and then, bottom out. This signals the start of a brand new crypto cycle. But unlike other financial markets, the change in price is often more dramatic and occurs in a shorter period. If you’ve ever invested in any type of cryptocurrency, then you’ve likely noticed how volatile they can be.
The same is true for Bitcoin Cash. There are many reasons why cryptocurrencies are so volatile:
They’re relatively new.
Large volumes of crypto are owned by few large investors.
They’re heavily influenced by supply and demand, investor and user sentiments, government regulations, and media hype.
They lack a regulatory body.
The Fed impacts the price of crypto any time it decides to raise interest rates. High interests rates mean investors will see a higher return on their savings.
So, when interest rates are higher, investors tend to gravitate towards safe assets like bonds and treasuries because their yields are now higher.
As a result, risky assets like technology stocks and crypto are less attractive. This, in turn, lowers the price of different cryptocurrencies like BCH because demand is now lower.
According to the Traders Union analysts in 2033 Bitcoin Cash can reach $6355.03.
At the same time, you must understand that it is very difficult to make an accurate forecast for such an extremely long period. The forecast may be revised several times based on current data. Please note that this is not, in any way, financial advice.
According to the Traders Union analysts by the end of 2025 Bitcoin Cash can reach $1044.45.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $687.29 | $763.66 | $840.03 |
| February 2025 | $701.04 | $778.93 | $856.82 |
| March 2025 | $715.06 | $794.51 | $873.96 |
| April 2025 | $729.36 | $810.4 | $891.44 |
| May 2025 | $743.95 | $826.61 | $909.27 |
| June 2025 | $758.83 | $843.14 | $927.45 |
| July 2025 | $774 | $860 | $946 |
| August 2025 | $789.48 | $877.2 | $964.92 |
| September 2025 | $805.27 | $894.74 | $984.21 |
| October 2025 | $821.37 | $912.63 | $1003.89 |
| November 2025 | $837.79 | $930.88 | $1023.97 |
| December 2025 | $854.55 | $949.5 | $1044.45 |
It’s unlikely for Bitcoin Cash to hit $1,000 in 2023. According to TU analysts Bitcoin Cash can reach $823.56 by December of 2023.
Therefore, based on this analysis, Bitcoin Cash may have a good chance of hitting $1,000 in the future. However, it must solve its internal issues before doing so.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| May 2024 | $586.6 | $651.78 | $716.96 |
| June 2024 | $598.34 | $664.82 | $731.3 |
| July 2024 | $610.31 | $678.12 | $745.93 |
| August 2024 | $622.51 | $691.68 | $760.85 |
| September 2024 | $634.96 | $705.51 | $776.06 |
| October 2024 | $647.66 | $719.62 | $791.58 |
| November 2024 | $660.61 | $734.01 | $807.41 |
| December 2024 | $673.82 | $748.69 | $823.56 |
With many cryptocurrencies, including BCH, the chances of hitting a high number like $10,000 is definitely possible. However, it will take a tremendous amount of work and effort from the community at large before this happens. As such, there are currently no predictions that state BCH will reach $10,000 in 10 years. According to TU analysts BCH can reach $3426.93 by 2030 and $6355.03 by 2033
| Year | Price in the middle of the year | Price at the end of the year |
|---|---|---|
| 2024 | $664.82 | $748.69 |
| 2025 | $843.14 | $949.5 |
| 2026 | $1069.3 | $1204.21 |
| 2027 | $1356.14 | $1527.24 |
| 2028 | $1719.91 | $1936.9 |
| 2029 | $2181.26 | $2456.47 |
| 2030 | $2766.38 | $3115.39 |
| 2031 | $3508.43 | $3951.05 |
| 2032 | $4449.52 | $5010.89 |
| 2033 | $5643.08 | $6355.03 |
| 2034 | $7156.8 | $8059.73 |
| 2035 | $9076.56 | $10221.69 |
When investing in any cryptocurrency, it’s always important to proceed with caution and perform due diligence and research. That’s because cryptocurrency is volatile, which means it can go up in value as well as go down dramatically.
Just be sure to invest as much as you’re willing to risk. It’s also important to note that BCH’s best days may be over since Bitcoin has new technology to makes it more efficient and scalable.
If you do decide to invest in BCH right now, avoid putting all of your “eggs in one basket” and be sure to hedge your risk by diversifying your portfolio with other assets.
So, is Bitcoin Cash a good investment in 2023? It’s difficult to make that determination since the major premise of BCH is that it helps make Bitcoin transactions faster.
But since Bitcoin has since improved in that area, it’s hard to tell if BCH will continue to have value. Only time will tell. If you do decide to invest in BCH, only invest as much as you’re willing to risk.
The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Statistical tools that allow experts to evaluate the probability of an event that may influence the prices of cryptocurrencies.
Individual features of a cryptocurrency startup and its competitiveness: number of tokens in free circulation, restriction of emission, potential usefulness of the startup for the society, roadmap and development plans of the startup, potential vulnerability of the startup’s blockchain, examples of hacks, failures in the entire history of cryptocurrency existence, capitalization dynamics compared to key competitors, share of major coin holders and other subjective factors.
Note:
This price prediction is based on current information and historical data. Strong fundamental factors capable of radically changing the overall situation in the cryptocurrency markets, impacting the prices of certain cryptocurrencies and subsequently changing the price trend, may appear in the future. The price predictions are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
It’s possible that Bitcoin Cash can be a good investment. It offers low fees and faster transactions, which makes it useful for money transfers. But it could lose its value since Bitcoin is now offering the same features.
Possibly. Some experts see Bitcoin as a good long-term investment, but still bearish on it in the short term. Some optimistic predictions are saying it will cross over the $1100 mark by 2026.
It enables peer-to-peer payments between individuals at low fees and high speeds.
Bitcoin Cash offers a larger blocksize than Bitcoin, making transactions faster and less expensive. But Bitcoin has always outperformed Bitcoin Cash, and will likely continue to.
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
