When Satoshi Nakamoto released the Bitcoin white paper in 2008, it was a watershed moment for the global financial system. For the first time, there was a decentralized currency that didn’t require a central authority to issue or manage it.
Since then, Bitcoin has gone through UPS and downs, but it has always maintained its position as the most well-known and valuable cryptocurrency. As we approach the 12th anniversary of Bitcoin’s release, it’s worth taking a look at where the currency might be headed in the next few years.
In 2018, Bitcoin underwent a major change called a “hard fork.” This split the currency into two different versions: Bitcoin (BTC) and Bitcoin Cash (BCH).
While both versions are similar, they have different approaches to scalability, which is the main issue that led to the fork in the first place. .
Bitcoin Cash has since taken a more aggressive approach to increasing its block size, which allows for more transactions to be processed per second. This has made Bitcoin Cash a popular choice for merchants and businesses who need to process large numbers of transactions quickly.
Bitcoin, on the other hand, has taken a more gradual approach to increasing its block size. While this doesn’t allow for as many transactions to be processed per second as Bitcoin Cash, it does make Bitcoin more secure and resistant to attacks.
Looking ahead to 2025, it’s likely that both BTC and BCH will continue to be used as currencies. However, due to its more gradual approach to scaling, BTC is likely to remain the more valuable of the two currencies.
This is because BTC will continue to be seen as a more reliable store of value than BCH. While BCH may be better suited for quick transactions, BTC is likely to maintain its position as the premier cryptocurrency due to its strong track record and community support.
As such, it’s reasonable to expect that BTC will be worth more than BCH in 2025. However, predicting exact prices is always difficult, so we won’t know for sure until 2025 arrives.