Money market funds net asset has hit a new ATH of $7.4 trillion.

This is almost 2x the entire Crypto MCap.

Right now, the majority of them are invested in T-bills.

But what happens when interest rates go down?

Yields on T-bills will decrease, thus making it a far less attractive investment.

This is when this giant liquidity will start moving into stocks and crypto.

So don't listen to permabears as we're going up only.