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The international rating agency Weiss Ratings has now recommended as the best time to buy Bitcoin, saying it represents "the least speculative investment in the cryptocurrency".
Weiss says that the level of purchase of Bitcoin is close
As part of a series of tweets from December 11, Weiss, who has produced conflicting messages about his opinion on Bitcoin in the past, has now said that he is "here to stay".
"(Bitcoin) is coming to such low levels that it is becoming one of the best buying opportunities in the year," reads a tweet.
As a store of value, (Bitcoin) is here to stay. We really think it is the least speculative investment that a person can make in (cryptocurrency) at this time.
#BTC it's coming at such low levels that it's becoming one of the best buying opportunities of the year. As a store of value, #Bitcoin it's here to stay. We really think it is the least speculative investment that a person can do #crypto right now.
– Weiss evaluations (@WeissRatings) 11 December 2018
The recommendation is in contrast to Bitcoin's official Weiss estimates that appeared at the beginning of this year. The first Cryptocurrency ratings of the agency have given the C + rating a decidedly average rating, while Ether (ETH) has managed a "B."
Ethereum, EOS And … Roger Ver
In September, analysts warned that Bitcoin would lose half its market share in Ether by 2023, a bold prediction that has since been flanked by the support of various other altcoin assets.
Juan Villaverde, the architect of Crypto Ratings and Weiss's pricing model, highlighted EOS in a blog post on December 12th. In a video interview last week, in the meantime, he firmly stated that Bitcoin would be "resurrected" in 2019.
"We have seen many advances in the field of adoption throughout 2018, and this guarantees practically that we will see a bullish market again and Bitcoin will again make new historical highs," he said.
Tuesday also saw the conspicuous support of Bitcoin.com CEO Roger Ver, who is currently involved in an ongoing civil war between the factions of Altcoin Cash (BCH).
While Weiss says that "he is not in agreement with where BCH is going", he believes that in "propagating the use of cryptocurrency as money, the" heart of Ver is in the right place ".
"Despite the controversies around him, he is doing a lot to facilitate (the adoption of cryptocurrency) as money, not just as a store of value", further tweets law.
In an interview with Bloomberg last week, Ver had stated that he wanted "all cryptocurrencies" well "if they are trying to bring more economic freedom to the world by making them (themselves) useful as currencies for the world".
What do you think of the last comments of Weiss Ratings on Bitcoin and altcoin? Let us know in the comments below!
Images courtesy of Shutterstock
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