Bitcoin fell short of its safe-haven narrative as investors poured a net $91.5 billion into the money market funds in 2020. In comparison, the cryptocurrency attracted a decent but dwarfed $28.6 billion. The difference in inflows asserted cash’s market dominance amidst the coronavirus-induced economic crisis. The Bitcoin market rose by more than 20 percent on its year-to-date timeframe, beating Gold, Oil, the S&P 500, and every top traditional asset. But the cryptocurrency’s surplus inflows failed […]
