"Now is the Time to Buy Bitcoin"

Uk Jin

Summary

Manager Dominic Rizzo stated that Bitcoin is forming a price range similar to the recent average mining cost, making it a good time to buy.
The current average mining price of Bitcoin is analyzed to be $84,770, and it is trading at $87,491.
Manager Rizzo emphasized that blockchain and digital payment methods are essential parts of the fintech and AI era.

There is a claim that now is the best time to buy Bitcoin (BTC) in the market.

According to the cryptocurrency specialist media outlet CoinDesk on the 25th (local time), Dominic Rizzo, a manager at T. Rowe Price, participated in the Exchange Conference event and explained, "Bitcoin is forming a price range similar to the recent average mining cost," and "If we equate it with traditional commodities, it means that now is a good time to buy Bitcoin."

CoinDesk's analysis of MacroMicro's data shows that the current average cost of mining Bitcoin is recorded at $84,770. As of 8:57 AM on the 26th (Korean time), Bitcoin is trading at $87,491, up 0.05% from the previous day according to CoinMarketCap.

Additionally, Manager Rizzo said, "Blockchain and digital payment methods are essential parts of the fintech and artificial intelligence (AI) era. The reason is that they are key to adopting a software-centric approach in fields that were not previously software-centric."

BTC