Everyone was laughing on Ray Diallo when he said his famous phrase "cash is trash" on 2019 and they even laughed more when his hedge fund tanked 30% under water on early 2020. guess what, US stock markets are bullish again and on a stunning V-shaped recovery and Gold recently hit all time high and bitcoin of course in its way to break new price record. So, who's laughing now!. he was damn right.
Cash is trash doesn't mean anything in order to explain what he thinks.
Probably he agrees that the best way to keep your money somewhere are investments. Because investments are also cash (most of the times). So how can he define that cash is trash?
It's trash for people who got more than they need and don't invest in deflationary assets