TechFlow news, March 26 — According to CoinDesk, Dominic Rizzo, global technology portfolio manager at T. Rowe Price, a global investment firm managing over $1 trillion in assets, said Tuesday at the Exchange conference in Las Vegas that now is the "golden time" to hold bitcoin exposure.
Rizzo compared bitcoin's price to that of a commodity and explained how investors should consider investing in bitcoin. "Bitcoin is currently trading very close to its average mining cost. So if you view it as a traditional commodity, historically, when prices approach mining costs, it has actually been an excellent time to maintain exposure," he said.
Discussing blockchain and the artificial intelligence revolution, Rizzo stated that he sees blockchain and digital payments as critical components of fintech and AI. "The world is becoming increasingly globalized, and we're shifting from cash to digital payments... Therefore, I believe digital payments are truly at the core of low-cost fund transfers and represent a software-driven approach being applied to areas that historically were not software-driven," Rizzo said.
He added that every investor should have some exposure to blockchain, whether through holding stocks of companies like Coinbase (COIN) or Robinhood (HOOD), or equities in crypto miners benefiting from advancements in artificial intelligence.
