The American provider of investment data Weiss Ratings rated Bitcoin (BTC) as a good investment instrument and gave it an “A” rating.
“The Weiss Crypto rating for Bitcoin has now become” A- “(excellent). This was due to an improvement in Bitcoin’s fundamental indicators and positive pricing behavior pending the next reduction in mine pay,” – the message says.
#Bitcoin upgrade: the Weiss Crypto Rating for #BTC is now A- (excellent), thanks to the improvement of the fundamentals and positive price action prior to the next halving of Bitcoin.https://t.co/vyb8wxympt
– Weiss Crypto ratings (@WeissCrypto) February 7, 2020
Earlier, at the end of March 2019, Weiss Ratings lowered Bitcoin and decided that XRP and EOS have a better combination of practical use and technology. Bitcoin has now received a higher rating than these two assets – XRP receives a rating of “B” and EOS – “C” due to increased centralization.
The agency has more than 50 years of experience in the field of financial analysis, but recently started with cryptocurrencies. Because of this, some crypto dealers do not trust Weiss Ratings because they believe the agency lacks experience.