Bitcoin SV (Satoshi's Vision) stems from a hard fork that split Bitcoin Cash into two different digital currencies in Nov 2018. The hard fork resulted in a hash war that determined how the chains would be split, resulting in Bitcoin SV and Bitcoin ABC. Bitcoin ABC became the dominant chain and took over the BCH ticker, while Bitcoin SV has its own ticker. Upon creation of Bitcoin SV, Bitcoin cash holders who had their private keys or kept their Bitcoins on a service that supported the split were able to receive equal amounts of Bitcoin SV and Bitcoin Cash ABC, resulting in further divergence in Bitcoin price dynamics.

Created at the request of leading BSV mining enterprise CoinGeek and other miners, Bitcoin SV is intended to provide a clear choice for miners and allow businesses to build applications and websites on it reliably. Bitcoin SV claims a strict adherence to Satoshi Nakamoto's vision for the original Bitcoin, with the original Bitcoin white paper serving as a core document for the project. Bitcoin SV restores the original Bitcoin protocol, aiming to keep it stable and allow it to massively scale.

Bitcoin SV also enables massive scaling, which its team says will pave the way for the BSV blockchain to support significantly higher transaction volumes and more transaction fees for miners. This is important for miners to maintain profitability as the block reward will halve again in the year 2020, and halve again in later years.