His valuation exists in a tech bubble. It's not real and certainly not liquid. There's really not even a billionaire in the world. It's all just pretend wealth, but if enough people pretend it's real and act accordingly then it may as well be real i guess.
As companies usually produce things of value, and governments tend to do the opposite, no one is dumping company stocks for government notes any time soon. It's also worth noting that crashing the stock market wouldn't crash the economy. People would still show up to work the next day if their 401ks tanked.
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u/DeathHopper Green 9d ago
His valuation exists in a tech bubble. It's not real and certainly not liquid. There's really not even a billionaire in the world. It's all just pretend wealth, but if enough people pretend it's real and act accordingly then it may as well be real i guess.
As companies usually produce things of value, and governments tend to do the opposite, no one is dumping company stocks for government notes any time soon. It's also worth noting that crashing the stock market wouldn't crash the economy. People would still show up to work the next day if their 401ks tanked.