Dominic Rizzo, Global Technology Portfolio Manager of the giant investment company that manages more than $ 1 trillion on a global scale Bitcoin $87,160.49 He stated that the current price levels for investment are quite suitable. Speaking at the Exchange Conference, which is held in Las Vegas and brought together approximately 2 thousand investment consultants and asset manager, Bitcoin priceHe said that he is currently very close to the cost of mining. According to him, as in traditional commodity investments, Bitcoin is at the cost level is an ideal entry point for investors.
What does Bitcoin and commodity similarity tell to investors?
Dominic RizzoCompared Bitcoin’s price movements with traditional commodities and advised investors. He emphasized that it is generally accepted that prices are limited to the decrease potential of prices in periods when the production cost in commodity investments is close to the spot price. According to Rizzo, Bitcoin is currently at such a point.
Looking at historical data, prices close to the cost level can offer attractive opportunities for investors. Stating that Bitcoin’s current situation may be a sign for investors who escape the risk or who are looking for opportunities, Rizzo, Crypto Money MarketHe stated that such periods attracted long -term investors.
Bitcoin mining cost And Spot, the proximity between the price forms a bottom at the price of Rizzo, investors should not ignore it, he added. He added that it would make sense for investors to analyze the current situation and make a gradual entry to Bitcoin.
Currently, the current mining cost of Bitcoin is approximately 84 thousand 770 dollars, while the spot price is around 87 thousand dollars.
How to invest in artificial intelligence and blockchain revolution?
Rizzo, Blockchain And stressed that digital payments are one of the basic components of the artificial intelligence (AI) revolution. Rizzo said that the transition from the use of cash to digital payment methods accelerated throughout the world and that Blockchain technology is at the center of this transformation. He argued that investors should include investments related to blockchain technology in their portfolios.
Stating that there are also options other than Blockchain for Blockchain investments, Rizzo said Coinbase (Coin) and Robinhood (Hood) such as company shares or Crypto Money Mining CompaniesHe said that their shares are important investment instruments.
Stating that the development of artificial intelligence will grow in parallel with Blockchain technology, Rizzo stressed that investors should pay attention to these areas. He ended his words, saying that the investments in the Blockchain sector will play a decisive role in the future of financial technologies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
