The financial market analysts at Weiss Ratings currently see the best opportunity of the year to buy Bitcoin. Accordingly, they see the long-awaited bottom reached. Binance-Ceo Changpeng Zhao has a similar view.
The winter sales can start – at least if the analysts at Weiss Ratings and the CEO of Binance, Changpeng Zhao, are right. As is customary in the industry, both announce the happy Bitcoin message on Twitter. This is what Weiss Ratings says:
“BTC has such a low level that it is currently becoming the best call option of the year. As a value store, Bitcoin has come to stay. We really think it’s the least speculative investment a person can make right now in crypto currencies.”
#BTC is getting to such low levels that it’s becoming one of the best buying opportunities of the year. As a store of value, #Bitcoin is here to stay. We truly think it’s the least speculative investment a person can make in #crypto right now.
Institutional Bitcoin trader in the starting blocks
In other tweets, the analysis team cites the increase in Bitcoin trader as one of the reasons for this. In addition, the upcoming Security Token Offerings will give the entire crypto market more seriousness. The plans around the Stuttgart Stock Exchange and the Solaris Bank, for example, give the analysis team at Weiss Ratings hope:
The second largest stock exchange in Germany, the Stuttgart Exchange, in partnership with SolarisBank’s #Blockchain Factory, is pressing ahead with plans for a #cryptocurrency exchange that is “scheduled to launch in the first half of 2019.” More institutional adoption! #crypto
Binance CEO: Only strong crypto trader left
Changpeng Zhao also sees the crypto trader standing in front of the door. In a tweet he announced that the cooled crypto trader market offers an ideal option to invest (again) in crypto currencies:
“While many VCs [venture capitalists] are currently “pausing”, we currently feel much more comfortable investing. The assessments are much more realistic, most of them now have prototypes or products, only the strong teams are left. Much better investment opportunities than ATH [all-time high]”.
While many VCs have “paused”, we are actually more comfortable investing now.
Valuations are more reasonable, most have prototype/product, only strong teams left. Much better investment opportunities than at ATH.
While VCs are afraid to invest in the cryptocurrency sector now as Barry Silbert said, Binance is expanding its crypto incubator.@cz_binance Respecthttps://www.coindesk.com/binance-is-expanding-its-crypto-incubator-to-5-new-cities …
Then the winter sales can begin.
Update: The original article quoted Weiss Ratings as interpreting the alleged registration of Amazon crypto domains as a bullish signal. However, this was (incorrect) information from the year 2017.