It’s not so much that it’s tied up, but rather that it’s not real yet can still be used as economic leverage. Elon Musk taking out a massive loan to buy whatever because his company is worth this and that isn’t functionally that different from me taking out a loan because I might win big at the lottery sometime within the next 50 years.
At some point they start playing fast and loose, and then you end up with bubbles that the rest of us have to pay for because all that imaginary money has to come from somewhere.
It’s not so much that it’s tied up, but rather that it’s not real yet can still be used as economic leverage. Elon Musk taking out a massive loan to buy whatever because his company is worth this and that isn’t functionally that different from me taking out a loan because I might win big at the lottery sometime within the next 50 years.
At some point they start playing fast and loose, and then you end up with bubbles that the rest of us have to pay for because all that imaginary money has to come from somewhere.