#2 Reason The Miz won't cash in: The Miz not being in the right place for a championship run
WWE might want The Miz to cash in his Money in the Bank briefcase before WrestleMania, but what would be the consequences of doing that? While some might think the effect will be minimal, it could stand a chance of changing the landscape of Monday Night RAW and the title picture completely.
The problem, however, is that The Miz doesn't seem to be in the right place for that role, which could force the company to put it off for a while. This doesn't mean The Miz won't be ready for a cash in eventually, but there is just so little time between now and WrestleMania to complete the transition in a believable fashion and in a way that makes sense.
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Think about this way: The Miz is a good heel, and a great talker, but what has he done to really get under fans' skin lately? Sure, he gets his little digs in during his Dirt Sheet promos with John Morrison, but he's yet to reach super-heel status.
If The Miz is able to fully embrace his heel character and begin to act in a way that both enrages and excites fans, a run with the title and a cash in could be around the corner.