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Crypto

US Money Market Cash Could Buy Over 950k BTC

Guavy AI Editorial Team
Instruments
BTC
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A recent analysis by Joe Consorti suggests that a small portion of US money market cash could have a significant impact on Bitcoin's price. According to Consorti, approximately $80 billion is currently parked in U.S. money market funds, which would be enough to buy around 950,000 BTC.

Consorti notes that this amount represents about 1 percent of the total $7.98 trillion held in these funds and is equivalent to roughly five years' worth of new Bitcoin mining supply.

If a larger portion of these funds were to move into Bitcoin, Consorti estimates that prices could surge to between $144,000 and $283,000 per BTC.

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