Bitcoin Cash underwent a significant fork in 2018. Following several clashes between Craig Wright (self-proclaimed Satoshi Nakamoto) and Jihan Wu of Bitmain, another fork occurred in November 2018, splitting BCH into ABC and SV. This fork resulted from disagreements within the Bitcoin Cash community. BSV increased block size primarily to enhance transaction throughput and scalability—larger blocks accommodate more transactions, reducing congestion and confirmation times. This propelled BSV into the spotlight. But what was the peak price of BSV? Below, we explore Bitcoin SV's all-time high and low prices.
What Was the Highest Price of BSV Coin?
Research indicates that BSV's all-time high was $496.78**, reached on **April 17, 2021**. Its all-time low was **$36.87, recorded on November 23, 2018.
BSV emerged during the late-2018 crypto bear market. Its price initially halved from $117 to $67, then rebounded sharply alongside Bitcoin's recovery, surging to $129 by December (boosted by its low market cap at the time). Meanwhile, Bitcoin rose from $3,100 to $4,000.
On April 15, 2019, Binance delisted BSV amid external disputes involving CZ (Changpeng Zhao). Given Binance's market dominance, this event wiped out most speculative investors, crashing BSV's price from $70+ to a historic low of $49.
After months of sideways trading, BSV skyrocketed on May 21, 2019, soaring from $60 to $195 in one hour—a 225% surge. After a brief correction to $85, it rallied again to $258, marking BSV's first explosive rally.
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Is BSV Coin Worth Investing In?
Currently, BSV is not a recommended investment. Its price remains below its launch price, yielding negative returns. For novice investors, BSV carries excessive risk.
Potential Advantages of BSV:
- Scalability: Larger blocks aim for higher TPS, potentially aiding mass adoption.
- Original Bitcoin Vision: BSV claims to restore Bitcoin's initial protocol, focusing on enterprise use.
- Enterprise Solutions: Its design supports data-heavy applications and storage.
- Influential Backing: Craig Wright's endorsement lends credibility, though controversially.
Key Considerations:
- Community Trust: Past controversies (e.g., "Satoshi" claims) polarize opinions.
- Volatility: Delistings and speculation cause extreme price swings.
- Competition: Rivals like BTC and ETH dominate developer activity and adoption.
While BSV has strong backers and a compelling narrative—from its "hash war" origins to scalability solutions—its investment viability hinges on broader market trust and adoption.
FAQs About BSV
1. What drives BSV's price volatility?
BSV reacts sharply to exchange listings/delistings, Craig Wright's legal battles, and Bitcoin market trends.
2. How does BSV differ from Bitcoin?
BSV prioritizes big blocks (up to 2GB) and aims to be a data ledger, unlike BTC’s store-of-value focus.
3. Can BSV regain its ATH?
Unlikely short-term due to competition and regulatory scrutiny over Craig Wright’s claims.
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Final Thoughts
BSV remains a high-risk, niche asset. Investors should weigh its technical merits against market sentiment and alternatives. For updates, monitor its enterprise partnerships and scalability milestones.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are inherently risky.