Impact of crypto still years out : says T. Rowe Price CEO William Stromberg
William Stromberg, CEO of mainstream investment management outfit T. Rowe Price, thinks the asset class is still finding its sea legs in the crypto space.
In an interview with Baltimore Business Journal, When William asked if “T. Rowe Price will ever start investing in cryptocurrencies?” He replied that it's early to invest in the game.
“We have some research going on around it,” William said, “Some companies, just really a handful, have tried to put together products where one can buy and own crypto-related currencies.”
There are several avenues for investing directly in cryptocurrencies. A growing number of avenues also exist for exposure to crypto assets through traditional financial products as well, although the opportunities are not as diverse as opposed to interacting directly with specific cryptocurrencies.
The Chicago Mercantile Exchange (CME) offers futures and options trading for bitcoin, as well as for Ethereum. Among other crypto investment gateways, Grayscale also offers a variety of mainstream crypto investment vehicles.
“It really truly is early, early days here so I would expect this to move at a good pace but take years to really unfold," Stromberg added while responding to the Baltimore Business Journal’s question about crypto.
Stromberg’s comments on the crypto industry came after he discussed the overall financial landscape of American markets, for which he sees a positive future. "We are very bullish on the economy and the growth of the economy as it reopens and that reopening broadens," he told the Baltimore Business Journal.