Martin D. Weiss, the founder of rating agency Weiss Ratings, predicted that the upcoming regulatory changes for US banks should encourage more investors to turn to digital assets.

New rules

In a blog post titled "Changing the Volcker Rule: Savers Have New Reasons to Turn to Cryptocurrencies," Weiss Ratings says it will soon be easier for large US banks to use cash deposits. their customers to speculate on the markets. For the rating agency, this initiative would come "precisely at a time when risk-taking has peaked and the main risky assets threaten to cause serious losses."

In January, the agency published the first ratings attributed to cryptocurrencies. It sparked some controversy by awarding only a "C +" to Bitcoin, while the Ethereum network was awarded a "B".

For Martin D. Weiss and analyst Juan M. Villaverde, cryptocurrencies could take advantage of the tarnished image of banks to win the trust of the general public.

"With this change in the rules, the authorities will allow large banks to take greater risks easily with the money of savers," reads the blog Weiss Ratings.

As cryptocurrencies will offer much better security in terms of deposit security, it is hard to imagine a world in which this technology does not become a "game-changer" for both money and the banking sector.

Weiss: the high volatility of crypto-markets will not be eternal

Weiss Ratings estimates that crypto-market volatility - often touted as one of the key factors in the reluctance of many savers - is expected to decline "naturally, over time, as the adoption rate rises and the liquidity level increases." improves.

And as these markets begin to "mature," the banks could be led, according to the agency, to take soon increased risks, potentially encouraging more investors to turn to digital assets.

Now that we have better technology for secure storage of savings funds, the credit market will have to renew itself. The future financial system will probably be very different from what we take for granted today, "concluded the two analysts.