{"id":249722,"date":"2020-02-10T02:38:57","date_gmt":"2020-02-10T07:38:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=249722"},"modified":"2020-06-14T15:23:07","modified_gmt":"2020-06-14T19:23:07","slug":"weiss-crypto-rewards-btc-breaking-past-10k-by-upgrading-it-to-a-rating","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/weiss-crypto-rewards-btc-breaking-past-10k-by-upgrading-it-to-a-rating","title":{"rendered":"Weiss Crypto Rewards BTC Breaking Past $10K By Upgrading It To A Rating"},"content":{"rendered":"

Weiss Crypto Ratings, a digital asset review agency, has recently updated its rating for Bitcoin. Bitcoin has now been given the \u201cExcellent\u201d rating or A-rating. This is because the crypto is improving its fundamentals, and it broke through the $10,000 mark before the BTC Halving event. Bitcoin\u2019s halving will happen in about three months from now, heralding a massive bull run<\/a> in and of itself.<\/p>\n

Veteran New To The Industry<\/strong><\/h2>\n

In the past, Weiss had downgraded the world\u2019s first cryptocurrency, but it seems that the agency has changed its mind in the meantime. As it stands now, Bitcoin has recorded some of the best performances in January, in the past seven years.<\/p>\n

The Weiss company itself isn\u2019t an old figure in the crypto industry, having only popped up quite recently. However, the firm is well known across conventional financial industries for five decades now. The company offers several tools to help in the investment of various digital assets.<\/p>\n

Seeing Need For Independent Rating Systems<\/strong><\/h2>\n

The firm is based within the US, providing an array of index ratings for cryptocurrencies. Ratings like its returns technology innovation, adoption levels, and assess risks. Wiss Crypto even includes research reports on crypto, covering things like potential investment opportunities, price alerts, and market sentiments.<\/p>\n

\"\"<\/a><\/p>\n

Dr. Martin Weiss, the CEO of Weiss Group, gave a public statement in the previous year. This statement made it clear that he thought the crypto industry was in dire need of a rating system that is independent and objective. His argument for this is that it\u2019ll empower both the institutional and individual investors by cutting through the layers of hype and fear crypto can so quickly have. With it, Weiss stated that the rating system could help identify cryptocurrencies that hold great promise.<\/p>\n

Stepping On Many Toes<\/strong><\/h2>\n

Luckily, Weiss has some room for the altcoins as well, giving the other significant cryptocurrencies ratings alongside Bitcoin.\u00a0 Back in November 2019, Weiss sparked quite the reaction after its agency claimed<\/a> that the Cardano network<\/a> and its ADA coins are \u201cclearly\u201d better than EOS<\/a>.<\/p>\n

Weiss Crypto also got its fair share of criticism when it took on the very tribalistic XRP community, suggesting that they should all transfer over and buy Stellar lumens<\/a>. Weiss, in no flowery words,\u00a0 stated that Stellar had a more significant technological advantage when it comes to its Ripple counterparts.<\/p>\n

Weiss also has a penchant for stating the very probably. Back in October last year, Weiss noted that China would never use Bitcoin as some form of payment medium. The comment came just after the country\u2019s Center for Information and Industry Development, or CCID, released its crypto rankings index, the 14th edition, to be exact.<\/p>\n","protected":false},"excerpt":{"rendered":"

Weiss Crypto Ratings, a digital asset review agency, has recently updated its rating for Bitcoin. Bitcoin has now been given the \u201cExcellent\u201d rating or A-rating. […]<\/a><\/div>","protected":false},"author":1717,"featured_media":218243,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[734,7598,1483,7593,7591],"class_list":["post-249722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-crypto","tag-eos","tag-xlm","tag-xrp"],"acf":[],"yoast_head":"\nWeiss Crypto Rewards BTC Breaking Past $10K By Upgrading It To A Rating<\/title>\n<meta name=\"description\" content=\"Weiss Crypto also got its fair share of criticism when it took on the very tribalistic XRP community, suggesting to transfer over to XLM.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/249722\" 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