This morning the infamous investment rating bureau, Weiss Ratings, had an emergency briefing for cryptocurrency investors. Since 1971, the firm has graded everything from stocks to insurance plans. The firm’s newest grading venture is focused around cryptocurrency. The skype meeting this morning was led by the website’s Founder, Dr. Martin Weiss, and supported by cryptocurrency ratings-model expert Juan Villaverde, Bitcoin (available on Coinbase) Veteran Tristan Amzallag, and senior analyst Gavin Magor.
The webinar specifically highlighted how Villaverde comes to the mathematical conclusions of the ratings of each cryptocurrency and each factor that is graded. During the meeting, Villaverde explained that the ratings aren’t a ‘beauty contest’ but driven strictly based on numbers and data. These weekly gradings provide investors an unbiased representation of a cryptocurrency with data compiled from three metrics: technology, adoption, and risk/reward.