According to financial analysis firm Weiss Ratings, buying bitcoin now is one of “the best opportunities of the year.”
#BTC is getting to such low levels that it’s becoming one of the best buying opportunities of the year. As a store of value, #Bitcoin is here to stay. We truly think it’s the least speculative investment a person can make in #crypto right now.
— Weiss Ratings (@WeissRatings) 11 Dec 2018
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.