Cryptocurrency Analysis and News Portal
Key takeaways: Weiss Ratings believes that Bitcoin and the crypto markets are being dominated by the ongoing monetary policies of various global central banks. They forecast an inflationary future where current politicians lose their jobs for plunging the world into a deflationary depression. Bitcoin and crypto will finally move upward when new legislators
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Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States. The company paid particular focus to Milo, a digital banking startup from Miami that offers 30-year mortgages backed by Bitcoin (BTC), Ether (ETH)
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Quick take:The team at Weiss have forecasted that Bitcoin’s performance in 2021 might mimic that of 2017Bitcoins 21 million supply and surging demand, could send it to much higher levelsWith each parabolic cycle, the crypto-verse brings new people who never leave creating a cycle for the next parabolic runThe team
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Despite the excitement and enthusiasm in the Ethereum community, many people don’t yet fully understand the significance – and the opportunity – of the second-largest blockchain for large institutions and enterprises. The nature of network participation is changing dramatically as well as the incentive mechanisms for securing open permissionless protocols, demonstrated
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Quick take:According to Weiss Ratings, buying and holding Bitcoin is a better option than holding ETH2017 was the first time ETH hit $300 when Bitcoin was at $1,000ETH is still in the $300 levels with BTC now 11x higherEthereum is a good trading instrument but Bitcoin is a better option
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Weiss Ratings has outlined key reasons why investors should be bullish about bitcoin, seeing a “ferocious rally” with the price of the cryptocurrency expected to hit $70,000 next year. In addition, the Federal Reserve’s massive money-printing and institutional investments into cryptocurrencies add to the bullishness.Why Weiss Ratings Is Bullish
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In summary:Big money in the form of hedge funds, university endowments and pension funds are ready to invest in Bitcoin.However, these institutions have governing charters that prevent them from investing in crypto directly. Investment products pegged to BTC provide an avenue for these institutions to access Bitcoin. Bitcoin need only capture 33%
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In less than two weeks, the Bitcoin block reward halving will take place and BTC miners will receive half the reward going forward after May 12. Since ‘Black Thursday’ (March 12), bitcoin prices have gained 103% since then rising from $3,800 to $7,750 per coin. With the halving fast
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Tezos (XTZ), a proof of stake (PoS) based smart contracts blockchain network has outranked leading projects including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and XRP in terms of technology, in the latest Weiss Ratings rankings, reports FXStreet on April 23, 2020. Tezos Hits Number Spot in Weiss Ratings Per sources close to
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Weiss Ratings, a highly reputed American investment data provider established in 1971, has given Bitcoin (BTC), the world’s flagship cryptocurrency an A- (excellent) rating ahead of the Bitcoin halving event scheduled for May this year. Weiss Ratings says Bitcoin’s improving fundamentals coupled with its positive price movement makes it an
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