Bitcoin Magazine

T. Rowe Price’s Blue Macellari: Bitcoin is Now Core to the Debasement Conversation

Blue Macellari spent 20 years investing in emerging market sovereign and distressed debt before building T. Rowe Price’s digital assets business — which makes her read on the Treasury market unusually worth hearing. She discusses the return of the bond vigilantes, the shift from foreign to domestic financing of US debt, and why the Japan and Italy comparisons don’t map cleanly onto America’s buyer base. She also assesses whether GENIUS Act stablecoin demand for T-bills is a material change or wishful thinking.

Chapters:
0:00 — How the Digital Asset Conversation Changed Inside T. Rowe Price
1:15 — Why T. Rowe Price Built an Actively Managed Multi-Token ETF
2:43 — Tokenization at Scale and the Automation of Asset Management
4:22 — Bifurcated Liquidity and the Risks of 24/7 Trading
6:11 — The Brazil Mortgage Story That Became a Bitcoin Origin Story
7:04 — Global Liquidity, Fiscal Concerns and the Bond Vigilantes Return
8:26 — Foreign vs Domestic Treasury Buyers and the Japan Comparison
10:15 — Can GENIUS Act Stablecoins Create Real Demand for T-Bills?
11:16 — Why the Debasement Trade Actually Drives Institutional Allocations
13:02 — Volatility as a Portfolio Tool and the Generational Allocation Split

#Bitcoin #BlueMacellari #TRowePrice #DigitalAssets #Tokenization #InstitutionalBitcoin #AssetManagement #ActiveManagement #BitcoinETF #PortfolioConstruction #Volatility #SharpeRatio #BitcoinAllocation #DebasementTrade #BondVigilantes #TreasuryMarket #Stablecoins #GENIUSAct #MarketStructure #Liquidity #BitcoinVsGold #Macro #BitcoinMagazine #BitcoinConference

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post T. Rowe Price’s Blue Macellari: Bitcoin is Now Core to the Debasement Conversation first appeared on Bitcoin Magazine and is written by Patrick Green.

Source: BitcoinMagazine