BlackRock Just Made Bitcoin's Bull Case

<p>AI&#39;s $3.1 trillion in off balance sheet commitments can end two ways, and both end with the printer running. Jackson, Michael and Brian make the case for Bitcoin, from the biggest ETF inflow day of 2026 to Howard Marks&#39;s new memo and BlackRock&#39;s AI research.</p><p><br></p><p>BOOK A CONSULTATION</p><p>Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd&#39;s of London. Speak with our team to see if it fits.</p><p>👉 https://go.onrampbitcoin.com/consult-tlt-pod</p><p><br></p><p>GET ON THE LIST</p><p>Our research, event invites, and the week&#39;s Bitcoin news in one free email.</p><p>📩 https://go.onrampbitcoin.com/research-tlt-pod</p><p><br></p><p>ABOUT THIS EPISODE</p><p>Bitcoin ETFs just logged their biggest inflow day of 2026 at $999 million, and year-to-date flows turned positive as holders who sat through the bear market came back above their roughly $81,000 cost basis. The hosts debate whether retail is really back or a larger marginal buyer is behind the move, and whether Bitcoin ends up owned like gold. BlackRock&#39;s new paper, The Machine-Native Economy, casts stablecoins as the money AI agents spend and Bitcoin as the store of value, citing Bitcoin Policy Institute research. Howard Marks&#39;s latest Oaktree memo calls Treasury intervention in the bond market cosmetic and says dollar assets offer no escape. The back half covers tokenization and the CFTC after the Clarity Act stalled, the FBI data leak, $3.1 trillion in off balance sheet AI commitments, and why prices were nearly flat for 140 years before 1940.</p><p><br></p><p>CHAPTERS</p><p>00:00 - Welcome and the Philly happy hour</p><p>03:00 - Bitcoin ETF flows turn positive for 2026</p><p>04:53 - Is retail back, or is there a bigger buyer?</p><p>10:34 - $999M: the biggest ETF inflow day of 2026</p><p>13:15 - Bitcoin vs gold: will retail ever FOMO in?</p><p>20:53 - BlackRock on AI agents, stablecoins and Bitcoin</p><p>30:03 - Saving a dollar two ways since 2020</p><p>33:23 - Howard Marks: Shall We Repeal the Laws of Economics?</p><p>39:14 - Bonds spike, gold slides, Bitcoin rises</p><p>45:49 - Is 60/40 becoming 80/15/5?</p><p>51:45 - Clarity stalls, the CFTC and tokenization</p><p>1:00:04 - Single point of failure of the week: the FBI data leak</p><p>1:06:31 - The AI documentary and paci