Bitcoin SV came about as a result of a hard fork of cryptocurrency Bitcoin Cash, which took place on 15 November 2018. This new cryptocurrency was created as part of a partnership between entrepreneur Craig Wright and billionaire Calvin Ayre.
The initials "SV" in the coin's name stand for Satoshi's Vision.
Those behind the project claim that Bitcoin Cash SV is the one true bitcoin and that the project represents a return to Satoshi Nakamoto's original concept.
Bitcoin SV is the number 6-ranked cryptocurrency by market capitalisation. Both its price and market cap are very high. The coin also boasts high liquidity, which makes it an attractive proposition for many traders, thus increasing its value further.
In 2019, Bitcoin SV rose from $87.17 to $151.2 for a total increase of 73.5%!