Now Is 'Really Good Time' to Buy Bitcoin, Says Trillion Dollar Investment Manager

Now Is 'Really Good Time' to Buy Bitcoin, Says Trillion Dollar Investment Manager

Global investment firm T. Rowe Price’s global technology portfolio manager, Dominic Rizzo, spoke at the Exchange conference in Las Vegas on Tuesday.

By Helene Braun|Edited by Aoyon Ashraf

What to know:

Dominic Rizzo, global technology portfolio manager at T. Rowe Price, suggests that now is a good time to have exposure to bitcoin, likening its price to a commodity and its close relation to the cost of mining.

Rizzo sees blockchain and digital payments as crucial parts of fintech and AI and believes investors should have some exposure to blockchain, possibly through stocks of companies like Coinbase or Robinhood.

In a conversation at the Exchange conference in Las Vegas, which has brought together about 2,000 investment advisors and asset managers, Dominic Rizzo, global technology portfolio manager at T. Rowe Price—the firm that handles over $1 trillion in assets—said that now is a good time to have exposure to bitcoin.

Trump Will Face War & Depression – Charles Nenner

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

In October, renowned geopolitical and financial cycle expert Charles Nenner warned of a huge war cycle. Now, with the EU getting ready to fight a war with Russia, Nenner has a new warning in the economy, and President Trump will be forced to deal with both war and a big depression in the not-so-distant future. Let’s start with war. Nenner explains, “I think all the war cycles are pointing up, and we are getting into big trouble. You mention Ukraine, but I would say the situation in the Middle East is as bad and dangerous as it is in Ukraine. In Ukraine, there is a solution, and that is Ukraine is not going to be part of NATO and Russia is going to keep a little bit of the land. I am from Amsterdam, and we don’t have any army anymore, but now they want to make it official that everybody has to go back into the army. It’s like they are forcing a third world war. These people have no clue what they are doing. This will cost billions and billions of dollars. I talk to people who have their children in kindergarten, and now it is not subsidized anymore because the money is going to go to Ukraine.”

Is This the Beginning of the Second Wave of Inflation?

Companies can’t pass on those higher prices? What a bummer. But if they can without losing sales, it’s off to the races. See 2021/2022.

By Wolf Richter for WOLF STREET.

Nearly every subindex of today’s ISM Services PMI grew in February, and many accelerated further from the January pace of growth. Among those that accelerated further: The overall Services PMI and the indexes for employment, new orders, and prices.

And so, the services economy, which dominates the US economy, grew in February at a decent clip, according to the report.

The index that declined at an accelerating pace were imports. And that would be a good thing. Rising imports are a drag on GDP, and imports spiked in December and January in a historic way, according to Census Bureau data, as companies tried to front-run any tariffs to then charge higher prices amid tariff chaos for stuff they hadn’t paid any tariffs on? The profit motive at work.

The New 'Trump Trade' Won't Be in Stocks

By Sean Michael Cummings

For the better part of a decade, Donald Trump has tied his political fortunes to U.S. stocks...

A count by CNBC revealed the president had tweeted about stocks at least 60 times in the first year of his first term. Trump has mentioned stock market performance much more often than previous presidents. And he hasn't slowed down since then...

Heck, in January 2024, stocks reached all-time highs with Joe Biden in office – and Trump still took credit for it. He posted to social-media site Truth Social at the time...