US money market fund assets have hit $8T for the first time ever.

And this is a good sign for risk-on assets.

Money-market funds deploy their assets in T-bills and other forms of debt which offer 4%-5% annual debt.

But what if yield goes down?

Well, with Fed rate cut cycle started, this is becoming a reality.

And in this case, investors will look at other options for a better return.

Right now, the biggest asset managers are offering access to crypto, so a good chunk will flow into BTC and alts.

Imagine a 0.5% allocation over the next 12 months; $40B will flow into the crypto markets.