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“It is really time to buy Bitcoin,” says investment manager in a trillion dollars.


In a conversation at the Las Vegas Stock Exchange conference, which brought together about 2000 investment advisers and asset managers, Dominique Reso, Director of the Global Technology Portfolio at R. ROWE Price – the company that deals with more than one trillion dollars of assets – is the time to exposure to Bitcoin.

Bitcoin like the commodity and how investors should think about investing in it. He said: “Bitcoin itself has been trading near the average cost to me. So if you are thinking about it like the traditional commodity, this is actually a really appropriate time to expose it when it is close to its cost.”

In investing traditional goods, when the cost of mining or extracting a commodity is close to the immediate price, it often indicates that the price of the commodity may have found the floor or contains a limited negative side. This is something that contradictory investors are looking for when investing in goods, where the landmarks can be priced when such an event occurs. Rizzo seems to hint on such dynamic playing for Bitcoin as well if a person compares commodity courses to bitcoin price.

According to the Macromicro Blog, The average current price for bitcoin mining About 84,770 dollars, while the immediate price hovers near $ 87,000.

Bitcoin price in US dollars for average mining costs (Macromicro)

Bitcoin price in US dollars for average mining costs (Macromicro)

How to play Blockchain and artificial intelligence revolution

Riso also said he sees Blockchain and digital payments as an integral part of technology and artificial intelligence (AI).

“The world is generally increasing, and we move from criticism to digital payments … Therefore, I think digital payments are really in the link to transfer money at a cheap price and take an approach based on software in areas that did not rely on software historically,” according to Rizzo.

He said part of this movement is Blockchain, who believes that every investor must have some exposure, whether by keeping stocks of companies such as Coinbase (Coin) or Robinhood (Hood) or from encrypted mines who benefit from the development of artificial intelligence.




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