T. Rowe Price: Now is the Perfect Time to Invest in Bitcoin
Date: 2025-03-27 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
A major investment company T. Rowe Price, which manages assets worth more than $1 trillion, called the current moment the best time to invest in Bitcoin. This statement was made by Dominic Rizzo, the head of the company's global technology portfolio, during the Exchange conference, which was held in Las Vegas and brought together about two thousand experts in the field of investment and asset management.
According to Rizzo, the cost of the first cryptocurrency is currently close to the average cost of its production. He emphasized that if you consider Bitcoin as a commodity, then this is traditionally a good time to buy, since in such cases the price often signals the formation of a bottom and the possibility of subsequent growth.
According to MacroMicro, mining one Bitcoin costs an average of $84,770, while the current market price fluctuates around $87,000. This small discrepancy confirms the thesis about approaching cost price and a potential reversal point.
In addition, Rizzo noted the importance of blockchain and digital payments as key components in the development of financial technologies and artificial intelligence. He said that against the backdrop of global changes, there is a transition from cash payments to digital formats, and this direction, in his opinion, combines the ease of transferring funds with software automation of processes previously not covered by IT solutions.
Rizzo believes that participation in the crypto market can be varied: from investing in shares of cryptocurrency exchanges to purchasing securities of mining companies. The latter, according to him, are becoming especially promising due to the possibility of leasing equipment to startups working in the field of artificial intelligence and in need of powerful computing resources.
Thus, T. Rowe Price representatives emphasize not only the investment attractiveness of Bitcoin in the current environment, but also its role in a broader technological context that encompasses fintech and AI.
