Analysts from the independent rating agency Weiss Ratings believe now is the perfect time to buy Bitcoin. The cryptocurrency price has dropped significantly from its all-time high nearly $20,000 almost a year ago. Today it is worth around $3,400.
Weiss Ratings covers the mainstream financial markets and more recently the crypto market as well.
As shared two days ago in its official Twitter account, Bitcoin (Bitcoin: BITCOIN) is approaching the “best buying opportunity” and is the least speculative investment that can be carried out in the cryptocurrency market these days:
It the meanwhile it was reported yesterday that the global trading volume of Bitcoin in the peer-to-peer platform LocalBitcoins increased substantially, reaching the values registered in the end of 2017 — when the crypto market experienced a bull run.
In particular, the most active traders were residents from Russia, Venezuela and Argentina — countries that tend to endorse the adoption of cryptocurrencies and usually invest when their prices fall (believing in their future growth).
Why it is important
- Weiss Ratings is a well-known research firm, with 46 years of experience rating a variety of financial assets and providing data and insights to investors and traders around the world. Its words will resound among circles of the crypto community.
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