Elon lost value on paper. He didn't lose $34 billion in physical assets (gold, property).
Sure, if he wanted to trade the paper for physical assets, he would not get as much as he did on Tuesday. But this wasn't someone going to Scrooge McDuck's hose and vacuuming out his money vault.
bobdole9 0 points 5 days ago
That's still a physical item.
Elon lost value on paper. He didn't lose $34 billion in physical assets (gold, property).
Sure, if he wanted to trade the paper for physical assets, he would not get as much as he did on Tuesday. But this wasn't someone going to Scrooge McDuck's hose and vacuuming out his money vault.