Introduction: The Turbulent Story of Bitcoin Cash

In the noisy world of digital currencies, Bitcoin Cash (BCH) has established its position as one of the most important forks of Bitcoin with a story full of ups and downs. This digital currency, born in 2017 from a hard fork of the main Bitcoin blockchain, pursued a clear goal: realizing Satoshi Nakamoto's initial ideal of becoming a "peer-to-peer electronic cash." While Bitcoin (BTC) was increasingly recognized as an asset for value storage and "digital gold," the BCH community focused on its application for daily payments with low fees and high speed. This fork was not only a technical disagreement but also represented two different views in the crypto community: one emphasizing value storage and the other everyday utility.

But in 2025, the question arises whether Bitcoin Cash can maintain its position against numerous competitors that emerge every day with promises of greater speed and scalability? This article provides a comprehensive examination of the status of Bitcoin Cash in 2025, from technical innovations and its market position to challenges and future prospects, to provide a comprehensive answer to these questions. Given recent market fluctuations and technical advancements, BCH is still striving to balance its past legacy with future needs, while challenges such as recent hacks and changes in stablecoin support have impacted it.

Structure and Technical Innovations in 2025

The founding and birth story of Bitcoin Cash is tied to figures like Roger Ver, one of the first Bitcoin promoters, and Wu Jihan, founder of the mining company Bitmain. These individuals and their supporters proposed increasing the Bitcoin block size as a solution to the scalability problem and high fees so that Bitcoin could be used for everyday payments. This view ultimately led to separation from Bitcoin and the birth of Bitcoin Cash with a larger maximum block size, which provides much higher capacity for transaction processing compared to Bitcoin blocks. This technical change enabled BCH to accommodate more transactions per block and reduce costs.

Despite this, BCH faced an identity contradiction from the beginning. Bitcoin became known as "digital gold," and BCH, emphasizing the word Cash, intended to be "digital cash." This philosophical difference has created a competition that continues in 2025 and shapes its future. In this year, Bitcoin Cash has tried to strengthen its position through continuous updates, focusing on practical applications.

In 2025, Bitcoin Cash has activated a series of key technical updates to maintain its competitiveness, transforming it from a simple payment network to an applicable platform. The most important of these innovations include:

CashTokens Upgrade

This update allows developers to create digital assets (tokens), stablecoins, and decentralized applications (dApps) on the Bitcoin Cash blockchain. CashTokens makes transactions highly efficient and parallelizable, reducing their costs to under a cent even in crowded network conditions. This feature introduces BCH as an emerging platform for DeFi and decentralized finance. In 2025, this upgrade has been welcomed by developers and has created new projects such as utility tokens for international payments, which can increase BCH adoption in emerging markets.

VM Limits and BigInt Upgrades

In May 2025, Bitcoin Cash activated the VM Limits and BigInt upgrades. These updates dramatically increase the flexibility of smart contracts and enable complex calculations with high precision. Specifically, VM Limits removes the operation limits per script and increases the size of stack elements, leading to increased contract complexity. BigInt also enables mathematical operations on large numbers, which is essential for applications such as zero-knowledge proofs (zk-proofs) and cross-chain bridges. These changes prepare BCH for competition with platforms like Ethereum, but with a focus on lower fees and higher speed.

These updates show that Bitcoin Cash has entered the field with the goal of becoming a competitor to Ethereum in the DeFi space, but with much lower fees. This approach is a direct response to the increasing competition from other layer-1 blockchains that are attracting developers and new applications. The success of these updates in attracting developers and users will shape the future of BCH as an "applicable platform," but it depends on overcoming challenges such as insufficient popularity and intense competition with other blockchains. Additionally, in 2025, the BCH community has tried to increase pressure on exchanges and test real liquidity with initiatives like "BCH Bank Run," leading to increased awareness and sometimes price fluctuations.

The Pulse of the BCH Market in 2025

In 2025, Bitcoin Cash has stabilized its market position in intense competition despite technical improvements. Based on recent data, this digital currency has a market value of around 10 to 11 billion dollars, ranking 16th in the crypto ecosystem. In comparison, its main competitor, Bitcoin, has a market value exceeding 2 trillion dollars, and Ethereum with several hundred billion dollars, showing a significant gap. This ranking highlights BCH's challenges in attracting large investments but also its growth potential.

This difference in market value has turned Bitcoin Cash into a higher-risk asset that experiences severe price fluctuations, often in ranges of 20 to 40 percent or more. Such fluctuations, resulting from high trading volume and lower liquidity compared to BTC, create opportunities for smart traders. In this exciting market, traders can use price differences in various exchanges to profit. For example, in early September 2025, BCH price is trading around 550 dollars, but predictions suggest it may reach the 500 to 700 dollar range by year-end, depending on overall market conditions.

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In the liquidity section, the presence of BCH in major global exchanges such as Binance, Coinbase, and Kraken increases its credibility and accessibility. However, Bitcoin Cash faces a liquidity puzzle in 2025. Although technical innovations are being made to attract more applications, its market value and liquidity are much smaller compared to competitors. This makes it more vulnerable to whale manipulation and means that Bitcoin Cash may be less attractive to large institutional investors seeking high liquidity and market depth. This gap in institutional investment, which is heavily directed towards Bitcoin and Ethereum with approved ETFs, can widen the distance between BCH and its main competitors in the future and act as a determining factor in its price and adoption. Additionally, recent changes such as Tether's decision to maintain support for USDT on BCH have preserved liquidity, but hacks like the Nobitex hack in Iran with a 100 million dollar loss have increased security concerns.

Applications, Culture, and BCH Community

Bitcoin Cash in 2025 still emphasizes its main application as a daily payment tool with low fees and high speed. These features make it suitable for micro-transactions, online purchases, and international remittances. Additionally, with the activation of CashTokens, BCH is trying to attract DeFi, Web3, and smart contract applications and transform from a mere payment network to a platform with broader capabilities. In this year, projects like DeFi platforms on BCH have grown and introduced new applications such as staking and lending.

In the cultural and social section, the BCH community has a unique nature. While many new blockchains attract new users through meme-centric culture and passionate communities, the Bitcoin Cash community is more focused on technical and practical discussions. Conversations on platforms like X (formerly Twitter) and Reddit mostly revolve around protocol upgrades, comparisons with Bitcoin, and technical advantages, and are less influenced by memes and hype. For example, initiatives like BCH Bank Run in September 2025 have united the community to test exchange liquidity and created many discussions.

This approach has two aspects: on one hand, focusing on technical and practical aspects introduces BCH as a serious and purposeful project. On the other hand, the lack of a meme-centric culture and passionate community, which is actually the strength of many altcoins, may act as a barrier to mass adoption and attracting new users. In 2025, success in the crypto market not only depends on technology but also on the ability to create an attractive narrative and an active and exciting community. Additionally, with the increase in crypto users to over several hundred million people, BCH has tried to increase its share but still faces challenges in attracting new users.

Regarding user statistics, precise information on the number of Bitcoin Cash wallets is not available, but it can be examined in the broader crypto ecosystem. In 2025, the number of crypto users worldwide has reached over several hundred million and is predicted to reach several hundred million more by year-end. In this vast market, BCH has a relatively small share but still competes with tens of millions of users. The BCH community has tried to attract developers and create new applications with events like the BCH Blaze hackathon and Bliss conferences.

Challenges, Risks, and Comparison with Competitors

Bitcoin Cash in 2025 faces important challenges and risks that investors and developers should be aware of. These challenges are not only technical but also include market and security issues.

Main Risks

Security and Centralization Risk: BCH uses the Proof-of-Work (Proof-of-Work) consensus algorithm, but its hash rate is significantly lower than Bitcoin. This difference makes the network more vulnerable to 51% attacks, where a group of miners can control most of the network's processing power. In 2025, hacks like the Nobitex hack in Iran with a 100 million dollar loss have highlighted these risks.

Regulatory Risk: Legal and regulatory uncertainties in different countries are an important risk for BCH. Issues such as classifying it as securities or anti-money laundering (AML) laws can hinder its widespread adoption as a payment tool. For example, changes in Tether's support for USDT on BCH have increased regulatory concerns, although the final decision to maintain support has brought some relief.

Intense Competition: The crypto ecosystem has grown significantly in recent years, and BCH is no longer the only option for fast and cheap payments. New generation blockchains with much higher scalability and technical capabilities have created serious challenges for it. Additionally, the ascending channel breakdown in late August 2025 has increased bearish discussions.

Comparison with Competitors

To better understand BCH's position, comparing it with main competitors is essential.

Bitcoin (BTC): The main difference between BCH and Bitcoin is in block size and their philosophy. BCH with larger blocks offers better speed and fees for payments. But Bitcoin with a strong brand and more secure network is recognized as an undeniable value store.

Ethereum (ETH): Ethereum with a much larger market value and DeFi ecosystem is known as a smart contract platform. BCH with CashTokens and BigInt upgrades is trying to compete in this space, but Ethereum still has superiority in the number of developers and liquidity.

New Generation Blockchains (such as SUI and Cardano): These blockchains are more serious competitors for BCH. SUI with parallel transaction processing has achieved very high speeds in testnet environments, while BCH has lower speed. Blockchains like Cardano with their scientific model and decentralized governance have created an active ecosystem in DeFi and NFTs where BCH is behind.

This multi-layered competition, on one hand with Bitcoin for identity and on the other with new blockchains for application, is the biggest challenge for BCH in 2025. While BCH focuses on technical applications, large investors seek legal transparency and liquidity in main blockchains. This is a big challenge and a missed opportunity for BCH.

Comparison Table of Bitcoin Cash (BCH) with Key Competitors in 2025

Future and Outlook for BCH in 2025 and Beyond

Bitcoin Cash has reached a critical point in its history in 2025. Although technical upgrades like CashTokens and BigInt show serious efforts to attract DeFi applications and become a powerful platform, BCH still faces major challenges. On one hand, it has not achieved the brand and position of Bitcoin as "digital gold," and on the other, it is in a defensive position against new generation blockchains with higher speed and innovations. Price predictions for the end of 2025 are diverse, from 500 dollars to 700 dollars, but with potential to reach 800 dollars if market improves.

Experts' predictions about the future of BCH in 2025 vary. Some analysts, based on technical improvements and DeFi potential, have a bullish outlook and predict that BCH price can reach higher levels. On the other hand, there are pessimistic views that, given market fluctuations and intense competition, consider price drops possible. For example, the ascending channel breakdown in August 2025 has sent bearish signals, but maintaining Tether support could be positive.

In summary, the future of Bitcoin Cash heavily depends on its ability to attract developers and increase user and investor adoption. Success in attracting new projects and creating a thriving ecosystem can give BCH a unique identity in the competitive crypto market. But if BCH fails in this path, it may remain in the shadow of market giants and new competitors and gradually lose its position. The future of BCH lies not in the past, but in its ability to adapt and innovate against the dynamic crypto world. Given events like hackathons and community initiatives, BCH still has a chance for revival, but it needs more effort to overcome challenges.