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.
Simply put that at some point he was presented to the wrong because of the happenings at the time which was in total opposite of what Ray Diallo was saying at the time and now circumstances has changed which made it seems that he is right but hey, circumstances can still change as well.
Saying cash is trash is way to the extreme which is not right because it means every money in banks whether physically or electronically is trash or the store on the street is worthless but that is not it because the perception of people is still very much strong in cash and some would say "cash is king"