The Pomp Letter
The Pomp Letter
Dollars And Bitcoin Have Become Safety Assets?
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Dollars And Bitcoin Have Become Safety Assets?

5

To investors,

The recent market chaos and bank failures have led investors to seek safety with their assets. The main winner of this transition has been cash, and more specifically money-market funds.

Michael Msika writes for Bloomberg:

“During the first quarter this year, investors poured $508 billion into cash funds in their largest quarterly inflow sinc…

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