The founder of the Weiss Ratings Agency, Martin D. Weiss, predicted that a change of rule in the United States banking sector will force investors to withdraw their money.
In a blog post about the dilution of the Volcker Rule, which limits the banks' ability to bet deposited funds, Weiss says the plan is coming "precisely at a time when risk-taking peaked and the major risk assets threaten to cause serious losses. "
The examination of Volcker's Rule confirms Weiss's concerns. In January, her agency published the first classifications of the market, where she chooses good investments, such as in companies, giving notes that may vary according to the risk of the investment. And the agent's last analysis caused controversy when she gave Bitcoin a "C +" and defended Ethereum with a "B" rating.
For Martin D. Weiss and his colleague, analyst Juan M. Villaverde, crypto-currency opportunities to gain confidence and use as a result of banking behavior are obvious.
"With this change of rule, the authorities will make it easier for megabas to take big risks with other people's money," a press release said.
In the future, crypto-currencies will play a fundamentally better job than a secure deposit of funds, and it is hard to imagine a world in which this technology does not become a watershed for banks and money.
While identifying "volatility" in crypto-currency markets as a key factor behind consumer reluctance to enter, this situation will change, the publication adds, as these markets mature while banks take on greater risks.
"Now that we have better technology for secure storage of savings, credit markets will have to reinvent themselves. The future financial system will probably be very different from what we take for granted today, "Weiss and Villaverde conclude.
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Source: https://blockgeeks.com/guides/how-to-invest-in-cryptocurrencies