Trillion-Dollar Asset Manager T. Rowe Price Speaks Out: Now Is the 'Golden Moment' to Invest in Bitcoin

BlockBeats News, March 26th, according to a CoinDesk report, Dominic Rizzo, a portfolio manager at T. Rowe Price, a global investment giant with assets under management exceeding $1 trillion, sent a clear signal to over 2,000 asset management professionals at the "Trading Platform Summit" in Las Vegas—Bitcoin's current price is close to the mining cost, presenting a contrarian investment opportunity. The current average mining cost of Bitcoin is around $84,770, with the spot price hovering around $87,000. Whenever the Bitcoin price approaches the mining cost, it usually indicates a bottoming area, and bearish sentiment has been largely priced in.

Rizzo suggested, "Bitcoin should be considered from the perspective of a quasi-commodity. The risk-reward ratio for entering at this time is relatively high. Blockchain and digital payments are key parts of fintech and artificial intelligence. I believe investors should allocate a portion of their portfolio to crypto assets. Compliance and institutionalization remain central narratives of this bull run, and traditional asset management companies are gradually strengthening their strategic focus on crypto assets."