Bitcoin SV Price prediction 2022-2030 - Invest or Not?

1. What is Bitcoin SV (BSV)
2. Bitcoin SV (BSV) price history and charts
3. Which key factors can influence the Bitcoin SV (BSV) price?
4. Bitcoin SV (BSV) price predictions for 2021,2022,2023,2025, 2030
5. How to buy Bitcoin SV using Freewallet
6. Conclusion

Well over a decade has passed since the first cryptocurrency came, and only in the past several years, we began to see a rising trend. While the first several years of Bitcoin's existence were primarily uneventful, once other cryptocurrencies came to the market, things took a turn for the better.

As the number of cryptocurrencies increased, so did the interest in trading or investing in them. Today, with over 4 thousand cryptocurrencies available throughout exchanges, deciding which one to invest in can be a struggle. Many investors look at cryptocurrencies as stocks, and they would like to invest in the ones that tend to rise.

Being the founding blockchain, Bitcoin has many forks, and one of them is Bitcoin SV. It managed to grow significantly in the past several years. If you have your eye on it, this article is for you. I'll guide you into what Bitcoin SV is, look at the price in the past, and outline if it's a good investment option or not.

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What is Bitcoin SV (BSV)

Even though I said that Bitcoin SV is a for from Bitcoin, that's not exactly the case. Bitcoin SV came as a form from Bitcoin Cash in 2018. Bitcoin Cash was a fork that was released in 2017, and less than a year after that, they decided to split.

The idea behind the Bitcoin SV form from Bitcoin Cash was a difference in opinions about the route the platform was to take. Since they didn't manage to agree, the solution was a hard fork.

In essence, Bitcoin SV didn't change too much from Bitcoin Cash, but the goal is to preserve Bitcoin the way it is. Despite that, it does address some of the issues that other Bitcoin forks had. The main one that is often praised is scalability, something that the original Bitcoin isn't very good at. Among the other features are the lower fees, increased security, and good conditions for investors and miners. If you don't have possibility to mine Bitcoin SV, then you can buy on these exchanges: Huobi Global, Gate.io, Bithumb, KuCoin, Bittrex, etc.

Bitcoin SV (BSV) price history and charts

With the definition out of the way, let's look at the Bitcoin SV price history.

It first appeared on the market in Q4 of 2018, and it was in for a very bumpy ride. The price started off at $85, followed by a quick rise to over $170 in several days before dipping below $50 about a week later.

At the beginning of 2019, the price was $90 and was steadily declining, and it reached $52 at the end of April. From that point, id jumped to over $240 in less than two months, and it had another gradual decline to $73 at the end of September. In the following months leading to the end of 2019, there was another spike where BSV went over $140. The spike was followed by a drop below $85 in the second half of December.

The first few weeks of 2020 were the most exciting ones, as BSV managed to reach its all-time high of $366 in the middle of February. Right around that time, the global pandemic hit, and like all cryptocurrencies, Bitcoin SV dropped to a little over $110 by the middle of March. As the market was stabilizing, the price managed to climb, but it was much more volatile than the previous years. The spikes and dips weren't too big, but there were plenty of them, and by September of 2020, the price was in a slightly declining trend.

From that point all the way until today, the price has been slightly increasing with its ups and downs. At the time of writing, the price is $185, which is more than double the initial price in 2018.

Which key factors can influence the Bitcoin SV (BSV) price?

There are tons of factors that can influence the Bitcoin SV price, or any cryptocurrency price, for that matter. The one that stands out the most is the demand, and it's a simple rule. If more users adopt Bitcoin SV, more coins will be traded, and the price will go up.

Crypto regulation is a hot topic in the past several years and is another factor that can change Bitcoin SV's price. This aspect cannot be estimated as the price will depend on the type of regulation.

Bitcoin SV (BSV) price predictions for 2022, 2023, 2025, 2030

With the Bitcoin SV price analysis out of the way, let's see what the future holds for this token.

Predicting crypto prices is not an exact science, and we follow some past trends and hope that our estimate is correct. The same issue is with Bitcoin SV as well. While you will hardly find someone that doesn't want to see a crypto price going down, not every story has a happy ending.

In terms of Bitcoin SV, as things stand now, I believe that things will progress in favor of investors and that the price will rise. The main issue is that unexpected events can have devastating consequences.

As of January 31, there are 11 more months in 2022, and as the declining trend progresses, the price should start to inch its way to the $80 mark. However, there is a potential for the bounce back. If it happens, the BSV price might reach $99. The following 2023 will most likely look a lot like 2022, where we wouldn't see a rise slightly above $100, but the turbulent period will come to a halt in 2024. Since Bitcoin SV is a very volatile coin, there will be some spikes, but the average price throughout the year won't go above $120. In 2025 things will start to brighten up, as Bitcoin SV will manage to keep its head over the $120 mark and manage to go over $133 in some cases. Fast forward 5 years, and 2030 is the year you want to know about. In short, you should be looking at prices between $320 and $520, with a few spikes that may break the $550 barrier.

How to buy Bitcoin SV using Freewallet

If you want to invest in Bitcoin SV, you need to have a crypto wallet to store the tokens. There are tons of options available on the market, and among the better options available is Freewallet.

First, you need to sign up to use the Freewallet, a process that takes a few minutes. You can install it on your Android or iOS device or use the web version of it. All you will need to enter is your email and a phone number and set up a strong PIN and password. The final process is to activate the Bitcoin SV wallet by locating it in the supported assets list.

Once the setup process is complete, it's time to buy Bitcoin SV by heading over to the "Buy with Card" section. From there, you will need to select Bitcoin SV and enter the amount you are willing to pay. The accepted fiat currencies are EUR and USD, and you can pay with a Visa or MasterCard. Enter the payment method information, and you are good to go.

Conclusion

Bitcoin SV is one of those coins that lives in the shadows of its big brother the Bitcoin. Despite that, you are looking at a cryptocurrency with decent growth potential in the next 10 years. While it may never reach Bitcoin's current price, it is in for a rise, and you should expect it to reach or maybe go over the $500 mark.

One thing to note is these predictions are based on current events and the Bitcoin SV price history. As no one can predict the future, the price increase remains speculation.