Bill Stromberg, CEO of T. Rowe Price Group, which manages $ 1.5 trillion, thinks cryptocurrencies are still in their early days.
Considering that the total market value of cryptocurrencies has recently exceeded $ 2 trillion, there will be people who argue that this idea is not true. However, Stromberg said that cryptocurrencies are still in their infancy.
Baltimore-based T. Rowe Price Group had assets worth $ 1.46 trillion that it managed as of January 31.
Stromberg also cited rising stocks, saying this is expected after a brutal bear market. He adds that companies benefit from this.