Weiss Ratings revealed yesterday that it has upgraded Bitcoin from a ‘B-‘ to a ‘B’. However, it still recommends holding out for a price correction before buying.
Highest Rated Bitcoin Just Gets Better
The, perhaps most respected, independent ratings agency, Weiss rates cryptocurrencies based on four factors, technology, adoption, risk, and reward. These are often split to give two ratings, one for tech/adoption, and one for risk/reward. A combined average of these is used to work out an overall rating.
Bitcoin’s tech/adoption score has been rated a solid ‘A’ for some time now, largely thanks to improvements such as Lightning network. The risk factor has always dragged it, and all cryptocurrency, down.
However, recent price gains have improved the reward, bumping…