There are few people in the crypto community who have not heard the name Satoshi Nakomoto at least in passing. The famous anonymous creator of Bitcoin and the world’s biggest cryptocurrency have fascinated many people and inspired a lot of prominent cryptocurrency proponents.
The “SV” in Bitcoin SV’s name stands for “Satoshi’s Vision” and represents BSV’s goal to become the cryptocurrency Nakamoto always envisioned. Only time will tell whether it will ever be able to achieve such ambitious goals — but if it does, then it has all the chances to become the next number one cryptocurrency.
However, when making a Bitcoin SV price forecast, we should look at its fundamental value at the present moment and evaluate its prospects without relying on the (statistically speaking, rather slim) possibility that BSV will become the best and most technologically advanced cryptocurrency one day. Here are our Bitcoin SV price predictions for the coming years.
As always, please remember that the contents of this article do not constitute financial advice. The cryptocurrency market is highly volatile. Thus, all Bitcoin SV price predictions should be taken with a grain of salt. Remember to do your own research before investing in any digital assets.
Bitcoin SV (BSV) Overview
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- Our real-time BSV to USD price update shows the current Bitcoin Sv price as $97.3 USD.
- According to our Bitcoin Sv price prediction, BSV price is expected to have a -0.53% decrease and drop as low as by March 30, 2024.
- Our analysis of the technical indicators suggests that the current market feeling is Bullish Bearish 4%, with a Fear & Greed Index score of 80 (Extreme Greed).
- Over the last 30 days, Bitcoin Sv has had 18/30 (60%) green days and 14.13% price volatility.
Bitcoin Sv (BSV) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
Bitcoin Sv Profit Calculator
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Bitcoin Sv (BSV) Price Prediction For Today, Tomorrow and Next 30 Days
Date | Price | Change |
---|---|---|
March 29, 2024 | $93.16 | -0.82% |
March 30, 2024 | $92.45 | -1.58% |
March 31, 2024 | $93.43 | -0.53% |
April 01, 2024 | $95.12 | 1.27% |
April 02, 2024 | $94.35 | 0.45% |
April 03, 2024 | $96.39 | 2.62% |
April 04, 2024 | $97.80 | 4.12% |
April 05, 2024 | $97.52 | 3.82% |
April 06, 2024 | $97.34 | 3.63% |
April 07, 2024 | $98.91 | 5.3% |
April 08, 2024 | $100.25 | 6.73% |
April 09, 2024 | $104.94 | 11.72% |
April 10, 2024 | $106.31 | 13.18% |
April 11, 2024 | $101.12 | 7.65% |
April 12, 2024 | $99.41 | 5.83% |
April 13, 2024 | $100.40 | 6.89% |
April 14, 2024 | $99.53 | 5.96% |
April 15, 2024 | $100.36 | 6.85% |
April 16, 2024 | $99.95 | 6.41% |
April 17, 2024 | $100.08 | 6.55% |
April 18, 2024 | $101.22 | 7.76% |
April 19, 2024 | $101.81 | 8.39% |
April 20, 2024 | $102.48 | 9.1% |
April 21, 2024 | $100.75 | 7.26% |
April 22, 2024 | $98.74 | 5.12% |
April 23, 2024 | $99.80 | 6.25% |
April 24, 2024 | $101.05 | 7.58% |
April 25, 2024 | $101.41 | 7.96% |
April 26, 2024 | $101.38 | 7.93% |
April 27, 2024 | $101.61 | 8.18% |
Bitcoin SV Prediction Table
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2040
2050
March | $92.45 | $92.94 | $93.43 | |
April | $100.08 | $100.02 | $99.95 | |
May | $100.55 | $100.22 | $99.89 | |
June | $84.50 | $88.34 | $92.17 | |
July | $71.50 | $79.47 | $87.44 | |
August | $100.40 | $99.93 | $99.45 | |
September | $100.64 | $99.94 | $99.24 | |
October | $55.13 | $72.18 | $89.22 | |
November | $58.67 | $61.25 | $63.83 | |
December | $58.45 | $61.73 | $65.01 | |
All Time | $82.24 | $85.60 | $88.96 |
Choose a year
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2040
2050
Bitcoin SV Historical
According to the latest data gathered, the current price of Bitcoin SV is $$95.81, and BSV is presently ranked No. 61 in the entire crypto ecosystem. The circulation supply of Bitcoin SV is $1,885,038,985.02, with a market cap of 19,674,081 BSV.
In the past 24 hours, the crypto has increased by $3.36 in its current value.
For the last 7 days, BSV has been in a good upward trend, thus increasing by 23.34%. Bitcoin SV has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of BSV has increased by 19.6%, adding a colossal average amount of $18.78 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Bitcoin SV Price Prediction 2024
According to the technical analysis of Bitcoin SV prices expected in 2024, the minimum cost of Bitcoin SV will be $$100.08. The maximum level that the BSV price can reach is $$100.02. The average trading price is expected around $$99.95.
BSV Price Forecast for March 2024
Based on the price fluctuations of Bitcoin SV at the beginning of 2023, crypto experts expect the average BSV rate of $$92.94 in March 2024. Its minimum and maximum prices can be expected at $$92.45 and at $$93.43, respectively.
April 2024: Bitcoin SV Price Forecast
Cryptocurrency experts are ready to announce their forecast for the BSV price in April 2024. The minimum trading cost might be $$100.08, while the maximum might reach $$99.95 during this month. On average, it is expected that the value of Bitcoin SV might be around $$100.02.
BSV Price Forecast for May 2024
Crypto analysts have checked the price fluctuations of Bitcoin SV in 2023 and in previous years, so the average BSV rate they predict might be around $$100.22 in May 2024. It can drop to $$100.55 as a minimum. The maximum value might be $$99.89.
June 2024: Bitcoin SV Price Forecast
In the middle of the year 2023, the BSV price will be traded at $$88.34 on average. June 2024 might also witness an increase in the Bitcoin SV value to $$92.17. It is assumed that the price will not drop lower than $$84.50 in June 2024.
BSV Price Forecast for July 2024
Crypto experts have analyzed Bitcoin SV prices in 2023, so they are ready to provide their estimated trading average for July 2024 — $$79.47. The lowest and peak BSV rates might be $$71.50 and $$87.44.
August 2024: Bitcoin SV Price Forecast
Crypto analysts expect that at the end of summer 2023, the BSV price will be around $$99.93. In August 2024, the Bitcoin SV cost may drop to a minimum of $$100.40. The expected peak value might be $$99.45 in August 2024.
BSV Price Forecast for September 2024
Having analyzed Bitcoin SV prices, cryptocurrency experts expect that the BSV rate might reach a maximum of $$99.24 in September 2024. It might, however, drop to $$100.64. For September 2024, the forecasted average of Bitcoin SV is nearly $$99.94.
October 2024: Bitcoin SV Price Forecast
In the middle of autumn 2023, the Bitcoin SV cost will be traded at the average level of $$72.18. Crypto analysts expect that in October 2024, the BSV price might fluctuate between $$55.13 and $$89.22.
BSV Price Forecast for November 2024
Market experts expect that in November 2024, the Bitcoin SV value will not drop below a minimum of $$58.67. The maximum peak expected this month is $$63.83. The estimated average trading value will be at the level of $$61.25.
December 2024: Bitcoin SV Price Forecast
Cryptocurrency experts have carefully analyzed the range of BSV prices throughout 2023. For December 2024, their forecast is the following: the maximum trading value of Bitcoin SV will be around $$65.01, with a possibility of dropping to a minimum of $$58.45. In December 2024, the average cost will be $$61.73.
Bitcoin SV Price Prediction 2025
After the analysis of the prices of Bitcoin SV in previous years, it is assumed that in 2025, the minimum price of Bitcoin SV will be around $$190.17. The maximum expected BSV price may be around $$226.27. On average, the trading price might be $$195.39 in 2025.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2025 | $107.59 | $107.90 | $110.54 |
February 2025 | $115.10 | $115.86 | $121.06 |
March 2025 | $122.60 | $123.81 | $131.58 |
April 2025 | $130.11 | $131.76 | $142.10 |
May 2025 | $137.62 | $139.72 | $152.62 |
June 2025 | $145.13 | $147.67 | $163.15 |
July 2025 | $152.63 | $155.62 | $173.67 |
August 2025 | $160.14 | $163.58 | $184.19 |
September 2025 | $167.65 | $171.53 | $194.71 |
October 2025 | $175.16 | $179.48 | $205.23 |
November 2025 | $182.66 | $187.44 | $215.75 |
December 2025 | $190.17 | $195.39 | $226.27 |
Bitcoin SV Price Prediction 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of Bitcoin SV, in 2026, BSV is expected to have the following minimum and maximum prices: about $$285.36 and $$337.37, respectively. The average expected trading cost is $$295.13.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2026 | $198.10 | $203.70 | $235.53 |
February 2026 | $206.04 | $212.01 | $244.79 |
March 2026 | $213.97 | $220.33 | $254.05 |
April 2026 | $221.90 | $228.64 | $263.30 |
May 2026 | $229.83 | $236.95 | $272.56 |
June 2026 | $237.77 | $245.26 | $281.82 |
July 2026 | $245.70 | $253.57 | $291.08 |
August 2026 | $253.63 | $261.88 | $300.34 |
September 2026 | $261.56 | $270.20 | $309.60 |
October 2026 | $269.50 | $278.51 | $318.85 |
November 2026 | $277.43 | $286.82 | $328.11 |
December 2026 | $285.36 | $295.13 | $337.37 |
Bitcoin SV Price Prediction 2027
The experts in the field of cryptocurrency have analyzed the prices of Bitcoin SV and their fluctuations during the previous years. It is assumed that in 2027, the minimum BSV price might drop to $$412.87, while its maximum can reach $$496.74. On average, the trading cost will be around $$424.67.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2027 | $295.99 | $305.93 | $350.65 |
February 2027 | $306.61 | $316.72 | $363.93 |
March 2027 | $317.24 | $327.52 | $377.21 |
April 2027 | $327.86 | $338.31 | $390.49 |
May 2027 | $338.49 | $349.11 | $403.77 |
June 2027 | $349.12 | $359.90 | $417.06 |
July 2027 | $359.74 | $370.70 | $430.34 |
August 2027 | $370.37 | $381.49 | $443.62 |
September 2027 | $380.99 | $392.29 | $456.90 |
October 2027 | $391.62 | $403.08 | $470.18 |
November 2027 | $402.24 | $413.88 | $483.46 |
December 2027 | $412.87 | $424.67 | $496.74 |
Bitcoin SV Price Prediction 2028
Based on the analysis of the costs of Bitcoin SV by crypto experts, the following maximum and minimum BSV prices are expected in 2028: $$725.54 and $$626.43. On average, it will be traded at $$647.67.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2028 | $430.67 | $443.25 | $515.81 |
February 2028 | $448.46 | $461.84 | $534.87 |
March 2028 | $466.26 | $480.42 | $553.94 |
April 2028 | $484.06 | $499 | $573.01 |
May 2028 | $501.85 | $517.59 | $592.07 |
June 2028 | $519.65 | $536.17 | $611.14 |
July 2028 | $537.45 | $554.75 | $630.21 |
August 2028 | $555.24 | $573.34 | $649.27 |
September 2028 | $573.04 | $591.92 | $668.34 |
October 2028 | $590.84 | $610.50 | $687.41 |
November 2028 | $608.63 | $629.09 | $706.47 |
December 2028 | $626.43 | $647.67 | $725.54 |
Bitcoin SV Price Prediction 2029
Crypto experts are constantly analyzing the fluctuations of Bitcoin SV. Based on their predictions, the estimated average BSV price will be around $$950.21. It might drop to a minimum of $$917.83, but it still might reach $$1,100 throughout 2029.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2029 | $650.71 | $672.88 | $756.75 |
February 2029 | $675 | $698.09 | $787.95 |
March 2029 | $699.28 | $723.31 | $819.16 |
April 2029 | $723.56 | $748.52 | $850.36 |
May 2029 | $747.85 | $773.73 | $881.57 |
June 2029 | $772.13 | $798.94 | $912.77 |
July 2029 | $796.41 | $824.15 | $943.98 |
August 2029 | $820.70 | $849.36 | $975.18 |
September 2029 | $844.98 | $874.58 | $1,006.39 |
October 2029 | $869.26 | $899.79 | $1,037.59 |
November 2029 | $893.55 | $925 | $1,068.80 |
December 2029 | $917.83 | $950.21 | $1,100 |
Bitcoin SV Price Prediction 2030
Every year, cryptocurrency experts prepare forecasts for the price of Bitcoin SV. It is estimated that BSV will be traded between $$1,329 and $$1,617 in 2030. Its average cost is expected at around $$1,367 during the year.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2030 | $952.09 | $984.94 | $1,143.08 |
February 2030 | $986.36 | $1,019.68 | $1,186.17 |
March 2030 | $1,020.62 | $1,054.41 | $1,229.25 |
April 2030 | $1,054.89 | $1,089.14 | $1,272.33 |
May 2030 | $1,089.15 | $1,123.87 | $1,315.42 |
June 2030 | $1,123.42 | $1,158.61 | $1,358.50 |
July 2030 | $1,157.68 | $1,193.34 | $1,401.58 |
August 2030 | $1,191.94 | $1,228.07 | $1,444.67 |
September 2030 | $1,226.21 | $1,262.80 | $1,487.75 |
October 2030 | $1,260.47 | $1,297.54 | $1,530.83 |
November 2030 | $1,294.74 | $1,332.27 | $1,573.92 |
December 2030 | $1,329 | $1,367 | $1,617 |
Bitcoin SV Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin SV’s price. The year 2031 will be determined by the maximum BSV price of $$2,320. However, its rate might drop to around $$1,880. So, the expected average trading price is $$1,949.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2031 | $1,374.92 | $1,415.50 | $1,675.58 |
February 2031 | $1,420.83 | $1,464 | $1,734.17 |
March 2031 | $1,466.75 | $1,512.50 | $1,792.75 |
April 2031 | $1,512.67 | $1,561 | $1,851.33 |
May 2031 | $1,558.58 | $1,609.50 | $1,909.92 |
June 2031 | $1,604.50 | $1,658 | $1,968.50 |
July 2031 | $1,650.42 | $1,706.50 | $2,027.08 |
August 2031 | $1,696.33 | $1,755 | $2,085.67 |
September 2031 | $1,742.25 | $1,803.50 | $2,144.25 |
October 2031 | $1,788.17 | $1,852 | $2,202.83 |
November 2031 | $1,834.08 | $1,900.50 | $2,261.42 |
December 2031 | $1,880 | $1,949 | $2,320 |
Bitcoin SV Price Prediction 2032
After years of analysis of the Bitcoin SV price, crypto experts are ready to provide their BSV cost estimation for 2032. It will be traded for at least $$2,789, with the possible maximum peaks at $$3,307. Therefore, on average, you can expect the BSV price to be around $$2,887 in 2032.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2032 | $1,955.75 | $2,027.17 | $2,402.25 |
February 2032 | $2,031.50 | $2,105.33 | $2,484.50 |
March 2032 | $2,107.25 | $2,183.50 | $2,566.75 |
April 2032 | $2,183 | $2,261.67 | $2,649 |
May 2032 | $2,258.75 | $2,339.83 | $2,731.25 |
June 2032 | $2,334.50 | $2,418 | $2,813.50 |
July 2032 | $2,410.25 | $2,496.17 | $2,895.75 |
August 2032 | $2,486 | $2,574.33 | $2,978 |
September 2032 | $2,561.75 | $2,652.50 | $3,060.25 |
October 2032 | $2,637.50 | $2,730.67 | $3,142.50 |
November 2032 | $2,713.25 | $2,808.83 | $3,224.75 |
December 2032 | $2,789 | $2,887 | $3,307 |
Bitcoin SV Price Prediction 2033
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin SV’s price. The year 2033 will be determined by the maximum BSV price of $$4,922. However, its rate might drop to around $$4,091. So, the expected average trading price is $$4,235.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2033 | $2,897.50 | $2,999.33 | $3,441.58 |
February 2033 | $3,006 | $3,111.67 | $3,576.17 |
March 2033 | $3,114.50 | $3,224 | $3,710.75 |
April 2033 | $3,223 | $3,336.33 | $3,845.33 |
May 2033 | $3,331.50 | $3,448.67 | $3,979.92 |
June 2033 | $3,440 | $3,561 | $4,114.50 |
July 2033 | $3,548.50 | $3,673.33 | $4,249.08 |
August 2033 | $3,657 | $3,785.67 | $4,383.67 |
September 2033 | $3,765.50 | $3,898 | $4,518.25 |
October 2033 | $3,874 | $4,010.33 | $4,652.83 |
November 2033 | $3,982.50 | $4,122.67 | $4,787.42 |
December 2033 | $4,091 | $4,235 | $4,922 |
Bitcoin SV Price Prediction 2040
According to the technical analysis of Bitcoin SV prices expected in 2040, the minimum cost of Bitcoin SV will be $$72,332. The maximum level that the BSV price can reach is $$88,933. The average trading price is expected around $$78,388.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2040 | $9,777.75 | $10,414.42 | $11,922.92 |
February 2040 | $15,464.50 | $16,593.83 | $18,923.83 |
March 2040 | $21,151.25 | $22,773.25 | $25,924.75 |
April 2040 | $26,838 | $28,952.67 | $32,925.67 |
May 2040 | $32,524.75 | $35,132.08 | $39,926.58 |
June 2040 | $38,211.50 | $41,311.50 | $46,927.50 |
July 2040 | $43,898.25 | $47,490.92 | $53,928.42 |
August 2040 | $49,585 | $53,670.33 | $60,929.33 |
September 2040 | $55,271.75 | $59,849.75 | $67,930.25 |
October 2040 | $60,958.50 | $66,029.17 | $74,931.17 |
November 2040 | $66,645.25 | $72,208.58 | $81,932.08 |
December 2040 | $72,332 | $78,388 | $88,933 |
Bitcoin SV Price Prediction 2050
After the analysis of the prices of Bitcoin SV in previous years, it is assumed that in 2050, the minimum price of Bitcoin SV will be around $$108,074. The maximum expected BSV price may be around $$125,903. On average, the trading price might be $$114,131 in 2050.
Month | Minimum Price | Average Price | Maximum Price |
---|---|---|---|
January 2050 | $75,310.50 | $81,366.58 | $92,013.83 |
February 2050 | $78,289 | $84,345.17 | $95,094.67 |
March 2050 | $81,267.50 | $87,323.75 | $98,175.50 |
April 2050 | $84,246 | $90,302.33 | $101,256.33 |
May 2050 | $87,224.50 | $93,280.92 | $104,337.17 |
June 2050 | $90,203 | $96,259.50 | $107,418 |
July 2050 | $93,181.50 | $99,238.08 | $110,498.83 |
August 2050 | $96,160 | $102,216.67 | $113,579.67 |
September 2050 | $99,138.50 | $105,195.25 | $116,660.50 |
October 2050 | $102,117 | $108,173.83 | $119,741.33 |
November 2050 | $105,095.50 | $111,152.42 | $122,822.17 |
December 2050 | $108,074 | $114,131 | $125,903 |
Project name | Bitcoin SV |
Ticker | BSV |
Launch Date | 15 November, 2018 |
Official Website | bitcoinsv.com |
Bitcoin SV’s purpose is to become a more technologically advanced cryptocurrency than the original Bitcoin, all the while remaining true to the original idea behind the cryptocurrency. It is a hard fork of Bitcoin Cash (BCH), which was forked itself from Bitcoin back in 2017. Being fans of the original Bitcoin protocol, BSV creators and the community all disapprove of the changes made to the BTC blockchain, like the implementation of SegWit or the Lightning Network.
BSV takes a what they claim is Satoshi’s original approach to solving the scalability issue that plagues the biggest cryptocurrency by increasing block size. At its inception in November 2018, Bitcoin SV had a block size of 128Mb. Half a year later, in July 2019, the coin underwent the Quasar Protocol upgrade, and block size increased to 2Gb.
BSV’s block size gets determined by the coin’s consensus mechanism and was designed to be dynamic. This system allows BSV to have a higher transaction speed but sacrifices some degree of decentralization.
Bitcoin SV uses the proof-of-work consensus algorithm and can be mined for profit, just like the original Bitcoin. Miners can choose the size of blocks they want to mine, with bigger blocks providing higher returns as they contain more transactions and, consequently, more transaction fees.
Speaking of transactions, Bitcoin SV has a relatively high throughput: an average of 200 transactions per second, with the ability to process up to 50,000 at peak productivity.
Finally, Bitcoin SV has smart contract functionality and supports NFTs.
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Bitcoin SV Price Analysis
Just like most cryptocurrencies, BSV also goes through many ups and downs alongside the rest of the market. It had a massive price spike back in April 2021 when it reached its current all-time high of $491. Bitcoin SV got close to that level once again a few weeks later in May 2021 but ultimately was unable to reach a new maximum.
Bitcoin SV’s price managed to stay above the $100 price mark for the rest of 2021 but continued to decline steadily throughout the year. The coin finally fell down to the $90 level in late January 2022.
The current price of Bitcoin SV is its minimum price in the past year. The last time the coin has been this low was in 2019, which is not a good sign — many other cryptocurrencies are in decline right now but still have an average price higher than their minimum in the past three years.
BSV is quite receptive to the general trends on the crypto market and seems to respond to positive news and hype quite well. Its association and close ties to Bitcoin allow it to grab attention during market booms.
Bitcoin SV (BSV) Price Forecast for 2022 by Experts
Being ranked in the top 60 on CoinMarketCap, Bitcoin SV is definitely a well-known coin with a huge community of supporters and believers. As a result, quite a few experts have made various short- and long-term forecasts for this cryptocurrency.
Wallet Investor
Wallet Investor is quite heavily bearish on Bitcoin SV in both the short and long term. They’re predicting that its current price will drop by over 25% in just under a year, going down to $65. They evaluate BSV as a bad long-term investment.
Gov Capital
Unlike WI, Gov Capital has a very positive outlook on Bitcoin SV’s future price. They are bullish on this coin and expect it to keep on rising exponentially in the coming years. Their 1-year BSV price forecast is $292, and the 5-year Bitcoin SV forecast is $1391.
They believe this cryptocurrency may have various ups and downs in the next few months, with the BSV price going as low as $77. However, Gov Capital’s Bitcoin SV technical analysis predicts that BSV will always be able to bounce back from those lows and come back even stronger than before.
TradingBeasts
TradingBeasts is bearish on BSV in the short run and bullish in the long run. Their 1-year Bitcoin SV price forecast sees the cryptocurrency falling to an average of $63, while their BSV forecast for 2025 assumes the asset may go up to $176.
Digital Coin Price
Digital Coin Price probably has the most optimistic Bitcoin SV price forecast of all: they think it may cross the $400 mark sometime in the future. DCP believes the coin may steadily continue to rise in price over the course of the coming weeks and months. Yet, the source currently gives it a strong sell signal, making their short-term Bitcoin SV prediction rather confusing.
Other Crypto Experts
The technical analysis performed by TradingView (on 03/02/2022) shows that Bitcoin SV will continue to decline in the near future and gives the coin a “sell” signal.
As for the long term, here is the most optimistic Bitcoin SV price prediction we have seen yet. Forget Digital Coin Price — the biggest BSV believer is CoinSwitch, which can see this cryptocurrency reaching as high as $750 by the end of 2025.
The Community
The coin’s subreddit is pretty much deserted at this point, and there are hardly any people making any predictions.
The crypto community is pretty divided on Bitcoin SV and its value. BSV proponents believe the coin’s price is being held back by excessive shorting and expect its “real price” to resurface soon. On the other hand, many users also point out how BSV does not generate much noise these days and that its ecosystem is basically “dead.”
Community opinion and hype matter a lot when it comes to crypto prices, so it is a bit concerning that not that many people have faith in Bitcoin SV’s long-term prospects. Only time will tell if the belief its devout followers have in this coin, as well as BSV’s actual value, will be enough to push it to potentially “win” against BTC or not.
We are currently bearish on Bitcoin SV. We believe that it has the potential to moon again if the market booms like it did in early 2021. At the moment, we do not see BSV smashing its previous all-time high on its own without the support of the whole crypto industry.
Bitcoin SV and its team have very high aspirations: beating Bitcoin, reaching $1000 in price, becoming the new standard… It’s hard to say whether the coin will be able to achieve any of these.
That said, there are quite a few things that point toward BSV potentially regaining its foothold and starting to rise again. For example, a new record-breaking 2.5Gb block has recently been found on the Bitcoin SV blockchain.
Scalability is a huge issue in the crypto world, and many projects aim to solve it. It could be that Bitcoin SV has the potential to provide the best solution.
Additionally, the number of new tokens, marketplaces, and NFTs on the Bitcoin SV blockchain has been increasing quite steadily in the past few months. This shows that while not many crypto enthusiasts may consider Bitcoin SV a good investment, its functionality and technical foundation are still widely recognized in the industry.
Is it a good idea to buy Bitcoin SV right now?
Most experts are currently bearish on BSV, so it might not be a good idea to buy it right now. That said, we cannot give you investment advice — whether you should invest in any asset, BSV included, depends on a lot of factors that are unique to you.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.