Now Is 'Really Good Time' to Buy Bitcoin, Says Trillion Dollar Investment Manager

Now Is 'Really Good Time' to Buy Bitcoin, Says Trillion Dollar Investment Manager

Global investment firm T. Rowe Price’s global technology portfolio manager, Dominic Rizzo, spoke at the Exchange conference in Las Vegas on Tuesday.

By Helene Braun|Edited by Aoyon Ashraf

What to know:

Dominic Rizzo, global technology portfolio manager at T. Rowe Price, suggests that now is a good time to have exposure to bitcoin, likening its price to a commodity and its close relation to the cost of mining.

Rizzo sees blockchain and digital payments as crucial parts of fintech and AI and believes investors should have some exposure to blockchain, possibly through stocks of companies like Coinbase or Robinhood.

In a conversation at the Exchange conference in Las Vegas, which has brought together about 2,000 investment advisors and asset managers, Dominic Rizzo, global technology portfolio manager at T. Rowe Price—the firm that handles over $1 trillion in assets—said that now is a good time to have exposure to bitcoin.