Weiss Ratings tip Bitcoin to make new all-time high as Bitcoin Cash will “fade away” in 2019

Weiss Ratings LLC have predicted Bitcoin will reach a new all-time high in 2019, also claiming that Bitcoin Cash will "fade away"

Weiss Ratings LLC have released their 2019 cryptocurrency forecasts, tipping Bitcoin to remain as a store of value and reach a new all-time high.

The agency, which was founded in 1971, claim that progress has been made in the cryptocurrency space during 2018 in spite of the gruelling bear market.

Weiss also alluded to the upcoming implementation of the Lightning Network, which will make Bitcoin transactions faster and more efficient.

The report states: “In 2019, much as it did after prior bear markets, Bitcoin will again rise up and head for new all-time highs.”

The report also revealed their bullish bias over a select few altcoins, notably Holochain and Hedera Hashgraph, which are forecasted to become top 10 cryptocurrencies in 2019.

“New coins like Holochain, Hedera Hashgraph, and others, although still relatively obscure today, will burst onto the scene and could rocket to the top 10 by market cap,” the report continued.

“These are non-blockchain distributed ledger projects that could become the new trust layer of the internet. As such, their tokens could rise in value more rapidly than those of their blockchain competitors.”

However, Weiss have a controversial view on Bitcoin Cash and other forked versions of Bitcoin, predicting that Roger Ver’s disputed cryptocurrency will “eventually fade away.”

The report concluded: “Many cryptocurrencies are going to disappear for the simple reason that they bring virtually nothing new to the table. Even among the top 10 by market cap, several fit this description, including Bitcoin Cash, Bitcoin SV, and Litecoin. There’s no innovative use case for them. They’re likely to fade away over time.”

For more news, guides, and cryptocurrency analysis, click here.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

Ross, Ollie, and Jordan discuss the latest bump in the market

Next Article

EXCLUSIVE: 9/11 Bitcoin "scam" will encourage more fraudsters, claims crypto crime expert

Read More Related articles