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Weiss Ratings: Now is the best time to buy bitcoin

According to financial analysis firm Weiss Ratings, buying bitcoin now is one of “the best opportunities of the year.”

In January, when the cryptocurrency market began its downward movement after reaching record highs, Weiss Ratings released its first cryptocurrency, bitcoin received a rating of C+ (satisfactory), and Ethereum (good). The assessment was based on “thousands of factors associated with technology use and trade indicators of each coin”. Ethereum received a higher rating due to the possibility of more rapid updating of the network. The advantages of bitcoin were classified as a safety and wide spread.

In consequence, over correction, the company became more inclined to the bearish side. In September Weiss Ratings said that in the next 5 years bitcoin will relinquish a dominant position Ethereum. However, in the recent landslides the bitcoin has shown itself to be much better altcoins. At the moment the BTC rate is 15%, while the rate of ETH — 10%.

In December, Juan Villaverde, the main “architect” of Crypto Weiss rating, saidthat bitcoin “will rise from the dead” in 2019.

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