In the long run it might be good for crypto to have ratings, but I can't help thinking that come 2pm the market is going to react to the ratings with pumps and dumps.
It is a shame that most crypto investors are so unsophisticated when it comes to investment and they won't realise that Weiss are bit shady themselves and have in the past been accused of taking cash for ratings.
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Yeah, I'm wondering the same thing. Apparently a list of ratings has already leaked, but whether they're true or not remains to be seen.
It wouldn't surprise me if they were shady! My first reaction to hearing about the ratings was;
"Ratings? What like the ratings they were using before the 2008 crash?"
Anyway, we'll see! Could be fun. :-)