Bitcoin SV (BSV) Price Prediction In 2020

The exponential growth of Bitcoin Satoshi Vision (BSV) against the general bear trend on the cryptocurrency market in autumn 2019 has impressed the community. Due to the increasing market capitalization, the newly emerged altcoin was ranked 5th on CoinMarketCap and managed to maintain its high position at the beginning of 2020.

Currently, BSV has a value of around $5 billion and a price, which is significantly lower than in 2018 when it has first entered the market. However, there is no reason to despair: in the long-term perspective, the coin has all chances to overgrow its initial price.

Bitcoin Satoshi Vision, or BSV, has stemmed from Bitcoin Cash as a consequence of BCH blockchain upgrade in November 2018. The split has brought two hard forks on the crypto market: Bitcoin SV and BCH ABC (authentic Bitcoin Cash). BSV project, supported by Craig S Wright, who claims to be Satoshi Nakamoto, was originally introduced as “the real Bitcoin”. At the same time, BCH ABC, backed by its ex-leader Roger Ver, stood for the original Bitcoin Cash project.

Hard fork was caused by the conflict in the Bitcoin Cash community concerning the massive codebase update. Craig S Wright has stated that the planned update would not solve the key Bitcoin Cash problem — scalability. According to Bitcoin SV leaders, the infrastructure of a new altcoin will focus on scalability, security, and affordable transaction costs.

BitcoinSV price and predictions for 2020

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