Between the Federal Reserve's interest rate cuts and the rally in stocks and bonds that naturally followed to prompt investors to pull cash out of money market funds in droves.

While rate cuts came and stocks rose, companies and households continued to pour cash into money funds, into cryptocurrencies, pushing total assets held in those accounts above $7 trillion this week for the first time ever.

The relentless rush to pour into those funds that buy Treasuries and other short-term instruments like cryptoassets underscores just how attractive benchmark rates above 5% have been to an investor base accustomed to closer to 0% this century.

This means that the decrease in interest rates in the future will lead to an explosive growth of crypto-assets, as you and I predicted🤑