A $5T Pile of Cash is Waiting to Enter Bitcoin Market, Asserts Top Investor

Veteran macro investor Dan Tapiero sees “huge opportunity” for Bitcoin as investors cautiously turn to cash. Data from Refinitiv Lipper showed investors sitting atop a circa $5 trillion worth of money-market funds. Mr. Tapiero noted that cash investments return zero yields to investors, which may prompt them to enter riskier markets like stocks, gold, and Bitcoin. Nothing behaved as safe-haven during the infamous global market rout of March 2020, except cash. A brutal sell-off caught […]

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