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Toke_Ivo t1_j2cqy1u wrote

Reply to comment by ChickenEnthusiast in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast

To add to this: Some people then say that it's not real money, and it's not like those billionaires actually have those money... But it's quite easy for them to sell they assets at some rate, like 100 million/month, if they wanted to.

So while it's not currently real money, that's like saying that you having money in your bank account is not currently real money. True, it's not, but it could easily be.

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Goobadin t1_j2dc9n4 wrote

>So while it's not currently real money, that's like saying that you having money in your bank account is not currently real money. True, it's not, but it could easily be.

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No, not at all. It's actually like saying the wages for your scheduled hours next week aren't real; it's only when you work those hours do you actually make that money.

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