When is the Right Time to Buy Bitcoin (BTC)? The Name Who Manages $1 Trillion Revealed!

Although Bitcoin (BTC) has begun to recover from the sharp declines, investors are still cautious.

While it is wondered whether the rise will continue, T. Rowe Price global portfolio manager Dominic Rizzo said that current levels make it a really good time to buy Bitcoin.

Speaking at the Stock Exchange conference in Las Vegas, Rizzo stated that Bitcoin has recently formed a price range similar to its average mining cost and therefore it is a good time to buy BTC.

Comparing the Bitcoin price to a commodity and explaining the points investors should consider when investing, Rizzo said:

“Bitcoin itself traded very close to its average cost of mining.

So if you think of BTC like a traditional commodity, actually historically when the price is close to the cost of mining it’s a really good time to get exposure.

Because in traditional commodities, when the mining cost price is close to the spot price, it usually means that the price of the commodity may have reached the bottom and the decline will be limited.”

Dominic Rizzo recently stated that, apart from Bitcoin, it would be beneficial for every investor to hold shares of cryptocurrency-focused companies such as Coinbase (COIN) or Robinhood (HOOD).

*This is not investment advice.

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