The effect of low-interest rates - driven by more than ten years of monetary policies - drove companies to have cash levels bigger than ever before. Large tech companies like Apple, Amazon, Alphabet (Google), and Microsoft have more than $415B in liquid financial assets. This is the equivalent of two times all the money invested in VC in the world. Or eight times the market cap of all Ethereum protocols combined. And these companies are not the only ones with significant investments, quite th...