Bitcoin Cash (BCH) is more than just a fork of Bitcoin (BTC)—it's the 25th largest cryptocurrency by market cap. This guide explores BCH’s fundamentals, pros, cons, and future potential to help you decide: Is Bitcoin Cash a worthwhile investment?
Bitcoin Cash (BCH) at a Glance
What Is Bitcoin Cash?
- Origin: A 2017 hardfork from Bitcoin, created to address scalability issues.
- Purpose: Designed as a transactional currency with faster processing speeds than BTC.
Key Features:
- Increased block size (8MB → 32MB).
- Low transaction fees (~$0.004 per transaction).
- Finite supply (21 million BCH total).
Historical Performance
- 2017: Peaked at $4,355.62 but failed to reclaim this high in subsequent years.
- 2021: Year-to-date high of $1,635, significantly below BTC’s price.
- Current Status: Focused on merchant adoption and competing with payment-focused altcoins.
Pros of Buying Bitcoin Cash
✅ Scalability & Speed
- Processes 116 transactions/second vs. BTC’s 4–6.
- Ideal for microtransactions and everyday payments.
✅ Merchant Adoption
Accepted by 4,300+ merchants, including:
- Travel: Travala.com, CheapAir.com.
- Retail: NameCheap, HostMeNow.
- Charities: Save the Children, Khan Academy.
- Integrated with PayPal’s Crypto Checkout (377M+ users).
✅ Undervalued Potential
- Trades at <1% of BTC’s price, offering room for growth if adoption surges.
✅ Strong Trade Volume
- Consistently ranks among top cryptocurrencies by liquidity (recent volume: $18B+).
Cons of Bitcoin Cash
❌ Dependency on Bitcoin’s Performance
- Highly correlated with BTC’s price movements (e.g., 2018 crash: BCH lost 93.5%).
❌ Regulatory Risks
- Vulnerable to crypto crackdowns (e.g., Turkey’s 2021 ban on crypto payments).
❌ Competition
- Faces rivalry from faster blockchains (e.g., Solana, Cardano) and stablecoins.
How to Buy Bitcoin Cash
- Choose a Reputable Platform: 👉 Buy Bitcoin Cash on eToro.
- Verify Your Account: Submit ID and proof of address.
- Deposit Funds: Use fiat or crypto.
- Purchase BCH: Trade instantly or set limit orders.
Bitcoin Cash Price Predictions
| Source | 2022 | 2023 | 2025 | 2030 |
|---|---|---|---|---|
| WalletInvestor | $760 | $878 | $1,134 | N/A |
| DigitalCoin | $483 | $554 | $708 | N/A |
| Coin Price | $591 | $625 | $953 | $1,629 |
Expert Take: Most forecasts predict moderate growth, with long-term bullish potential if adoption accelerates.
The Bottom Line: Is BCH a Good Investment?
- Buy if: You believe in its transactional utility and scalability advantages.
- Avoid if: You seek short-term gains or prefer less volatile assets.
- Diversify: Consider pairing BCH with BTC or Ethereum for balanced exposure.
FAQs
1. Who created Bitcoin Cash?
- Forked from Bitcoin in 2017 by developers/miners advocating for larger blocks.
2. What’s the difference between BTC and BCH?
- BTC: Store of value + transactions.
- BCH: Focused solely on fast, low-cost payments.
3. Will BCH reach its 2017 ATH again?
- Possible with mass adoption, but unlikely without a major catalyst.
4. Is Bitcoin Cash decentralized?
- Yes, but mining is concentrated among a few pools (similar to BTC).
5. Where can I spend BCH?
- Major platforms include Travala, NameCheap, and select charities.
👉 Explore more crypto investment strategies
Crypto investments are volatile. Always research and invest responsibly.