BlackRock CIO Rick Rieder rotating OUT of $BTC into AI semis — $SK $MU $AVGO $AMD $NVDA $LRCX $TSM $GOOGL + credit bonds.

$BTC down 50% from ATH but he's still long-term bullish. Says bitcoin:native will eventually rip.

The real question: when's "long-term"? 4 years out? Because that's a hell of a holding period when AI chips are printing NOW.

Smart money chasing momentum. Are you still holding bags or rotating into flow?