A Unique Blast! ”: Here are Gold, Bitcoin and Altcoin Predictions from the Rating Giant - News-Credit-Mortgage-Coin

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Sunday, November 29, 2020

A Unique Blast! ”: Here are Gold, Bitcoin and Altcoin Predictions from the Rating Giant

 



According to analysts of the famous crypto rating agency Weiss Ratings, expectations for the post-Covid world serve as fuel for the rise of Bitcoin. In addition, Weiss Ratings analysts state that other safe haven assets such as gold are losing their luster. According to analysts, the post-Covid world is fueling the Bitcoin boom and gold collapse.




Weiss Ratings analysts: Gold has lost its luster! Bitcoin is rising

In a recent post, Weiss Ratings analysts Juan Villaverde and Bruce Ng evaluated the market after pharmaceutical giants Pfizer and Moderna announced that they have effective vaccines against Covid-19. Weiss Ratings analysts point out that investors have started reorganizing their portfolios and are pricing the possibility of a viable vaccine.


According to Weiss Ratings analysts, while gold and bonds fell victim to the change in the market, Bitcoin was able to maintain its value. In fact, according to Weiss Ratings analysts, Bitcoin developed under the assumption that the world would experience a "rapid recovery after the epidemic". Weiss Ratings analysts said:


THE GOLD PRICES HAVE BEEN BASICALLY DEAD IN WATER SINCE THAT. BONDS SUCCESSFULLY RECOVERED ONLY TWO THREE OF AFTER PFIZER FALLS. BITCOIN ON THE OTHER SIDE REACHED 17,000 DOLLARS, 18,000 DOLLARS AND 19,000 DOLLARS IN A SHORT TIME.


Weiss Ratings analysts: Post-Covid Bitcoin and altcoins will be the only safe haven assets!

Analysts at US-based analytics firm Weiss Crypto Ratings also touched on the recovery in the altcoin market. In response to the Pfizer vaccine news, analysts state that cryptocurrency prices have risen with Bitcoin. Juan Villaverde and Bruce Ng claim that in a post-Covid world cryptocurrencies may be the only safe haven assets, and the crypto market is aware of this possibility. Weiss Ratings analysts said:


Crypto assets stand alone at the crossing point of cutting-edge technology and solid money. THIS MAKES THEM THE ONLY EXCLUSIVE DEFENSE AGAINST THE IMPROVING DIGITIZATION OF DUTY COINS AND THE PERFORATED MONEY POLICIES THAT WILL ACCELERATE. WE ARE RAPIDLY APPROACH TO A WORLD AFTER COVID, WHERE THE ONLY APPLICABLE SAFE ZONE WILL BE THE CRYPTO. THINK THAT.


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