Five Things I Think, I Think...

Reflections with our readings turning negative, BlackRock all-in on Bitcoin, and some other tidbits that investors need to know today.

Dear Fellow Expat:

Greetings from outside the hospital. It’s been a weird few days.

Now, I’m home and trying to make sense of these markets. There’s been a lot to reflect on...

Japan’s not shaking the boat with interest rates. China is no closer to stimulating its economy than it said it would. And the U.S. faces another rate cut while inflation remains stubborn.

But today, we will tackle a few other stories of things I think…

Thing I Think No. 1: BlackRock Has Some Stones

A few years ago, Larry Fink at BlackRock called Bitcoin an "index of money laundering."

Seven years later, BlackRock has emerged as the largest player in the space...

· They own considerable stakes in the miners.

· They have their hands all over the AI revolution.

· They have the largest Bitcoin ETF (IBIT).

All in, their bitcoin "pile" runs to $53.8 billion in total.

So, what’s next?

Now that they’ve got all the infrastructure and passive side in place. They’re now telling every American they need a 2% allocation to Bitcoin.

Reme…