International rating agency Weiss Ratings has counseled currently because the best time to shop for Bitcoin, spoken communication it represents cryptocurrency’s “least speculative investment.”
WEISS SAYS BITCOIN obtain LEVEL close to
As a part of a series of tweets December eleven, Weiss, that has created mixed messages regarding its opinion of Bitcoin within the past, currently same it's “here to remain.”
“(Bitcoin) is reaching to such low levels that it’s changing into one amongst the simplest shopping for opportunities of the year,” one tweet reads.
As a store of import, (Bitcoin) is here to remain. we have a tendency to really assume it’s the smallest amount speculative investment someone will create in (cryptocurrency) at once.
The recommendation contrasts with Weiss’ official estimations of Bitcoin that appeared earlier this year. The agency’s 1st Cryptocurrency Ratings gave the quality a definitely average ‘C+’ rating, whereas Ether (ETH) managed a ‘B.’
ETHEREUM, Greek deity AND… ROGER VER
In Sept, analysts warned Bitcoin would lose [*fr1] its market share to Ether by 2023, a daring prediction that has since been joined by the support of varied alternative altcoin assets.
Juan Villaverde, the creator of Weiss’ Crypto Ratings and value prediction model, highlighted Greek deity in an exceedingly journal post Dec twelve. in an exceedingly video interview last week meantime, he firmly explicit his belief Bitcoin would “rise from the dead” once more in 2019.
“We’ve seen tons of progress on the adoption facet throughout 2018, which just about guarantees that can|we'll|we are going to} see a securities industry once more and Bitcoin will create new uncomparable highs once more,” he said.
Tuesday meantime additionally saw conspicuous support of Bitcoin.com chief executive officer Roger Ver, UN agency is presently entangled in AN current warfare between factions of altcoin Bitcoin money (BCH).
While Weiss says it “doesn’t trust wherever BCH goes,” it considers that in propagating the employment of cryptocurrency as currency, Ver’s “heart is within the right place.”
“In spite of the controversies around him, he’s doing tons to facilitate (cryptocurrency) adoption as cash, not simply a store useful,” an extra tweet reads.
In AN interview with Bloomberg last week, Ver had claimed he wanted “all cryptocurrencies” well “if they’re making an attempt to bring a lot of economic freedom to the globe by creating (themselves) helpful as currencies for the globe.”
What does one deem Weiss Ratings’ latest comments on Bitcoin and altcoins?