Bitcoin Cash is a digital currency that has surged in value this year after the U.S. Department of the Treasury (Treasury) announced a ban on Bitcoin exchanges and merchants accepting Bitcoin.
However, Bitcoin Cash’s market capitalization has declined since the ban was announced.
Now, a report from the Wall Street Journal suggests that Bitcoin Cash could be poised to overtake Bitcoin at a price of $50bn, according to research by investment bank Credit Suisse.
This is in line with other recent research from analysts that suggests Bitcoin Cash has potential to surpass Bitcoin at around $50b.
However to put this in perspective, the average Bitcoin transaction fee for a $100 transaction is around $0.09.
“We believe Bitcoin Cash to be the most valuable digital currency in history.
Its value has surged over the past week, surpassing the value of all major crypto currencies,” said Jonathan Fried, head of research at Credit Suse in a statement.
“However, we remain concerned about the potential for price volatility in the long term as more transactions are made on the network.”
The Bitcoin Cash price is expected to continue to fall this week, but it is still the largest digital currency by market cap, and its value has never been higher.