Bitcoin SV (BSV) was created in 2018 following a hard fork of Bitcoin Cash, which was split from the popular cryptocurrency Bitcoin in 2017. Bitcoin SV is working towards fulfilling the original vision of the Bitcoin protocol and design in line with the white paper of BTC's creator Satoshi Nakamoto. Bitcoin SV (BSV) aims to provide scalability and stability in line with Bitcoin's original description as a peer-to-peer electronic cash system.
Additionally, Bitcoin SV (BSV) aims to provide a distributed data network supporting enterprise-level advanced blockchain applications. It is noteworthy that blockchain technology company nChain has developed BSV node software. Whose chief scientist is Craig Wright, who has been claiming to be Satoshi Nakamoto.
Following the Global Crypto Roadmap and the banking system failure in America last year, the number of investors in the cryptocurrency market has increased. But these new investors are still hesitant in making big investments in the crypto market, the reason behind which is that these investors have less knowledge about other Altcoins. Also, these investors, who have been hearing about BTC for a long time, want to invest only in old and popular cryptocurrencies like Bitcoin.
But the biggest hurdle here is the price of Bitcoin. In fact, currently the price of BTC is around $44,000 and new investors do not want to invest such a huge amount in any one currency. In such a situation, new investors are looking for a currency that is as reliable as Bitcoin, as well as has the potential to replicate the performance of BTC. In such a situation, Bitcoin SV can be a good option for new investors, which is currently trading around $72.
Investors can go with Bitcoin SV because it is following the original vision of the Bitcoin protocol and design as per the Bitcoin white paper. Along with this, like Bitcoin, only a maximum of 21 million Bitcoin SV (BSV) can be in circulation. In such a situation, BSV can be trusted as much as Bitcoin is trusted. If we talk about the market capitalization of Bitcoin SV, till now its market capitalization is $1,422,490,970 with a circulating supply of 20 million BSV. Which shows that Bitcoin SV (BSV) can also perform well in the coming times.
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