There is no flexibility for Bitcoin Cash users as BCH loses 98% against Bitcoin

While the controversy surrounding major supporter Roger Ver, the Bitcoin hard fork grasps new depths in BTC terms.

Bitcoin (BTC) has touched new record highs this week — not in U.S. dollar terms, but against its long-time contestant, Bitcoin Cash (BCH).

 Cointelegraph Markets Pro and TradingView confirm that BCH/BTC officially set its lowest ever price on June 29.

Bitcoin Cash or “Bcash”, gained notoriety in 2017 when it became the first major hard fork of the Bitcoin network to take on BTC itself.

Launching later, the altcoin hit highs of around 0.43 BTC per token, this proving something of a fakeout for investors who have spent the prevailing period watching its value gradually decline.

Perhaps the most vocal BCH supporter, entrepreneur Roger Ver, has however continued to tout its supremacy over Bitcoin, with price distresses having little impact on his embellishment.

Ver denies the claims that he owed $47 million in stablecoin USD Coin (USDC) to crypto investment platform CoinFLEX., with a social media storm ensuing which is ongoing this week. Regardless of the outcome, its impact on BCH has been palpable. On June 29, BCH/BTC fell to new all-time lows of just 0.005 — 98.83% below its 2017 peak.

For another vehement anti-Bitcoin spin-off, the situation is barely any better.

Bitcoin SV (BSV), the issue of BCH which appeared during community infighting, hit all-time lows of its own against BTC in May.

Since then, a diffident rebound has occurred, taking BSV/BTC to 0.0016 BTC — a simple 94.48% below its all-time high of 0.029 BTC seen at the start of 2020.