Having actual cash in this circumstance is the worst place for it if you?re worried about the value... just simply buying a stock of any company will appreciate when the dollar loses value (continues to lose, more rapidly mine you) when these folks put more stimulus packages out there...
At least in part, the upticks in crypto and equities we?ve had the last 3-4 months during this pandemic is because the dollar is worth less.... so the prices of these things goes up.
that said, I have a few K in cash in hand just to make sure I’m never “broke”... but I won’t pull my investments, that’s for sure. Allocate wisely and you’ll come out just fine, regardless of the markets.