Thing is, people dont know what will happen if this bubble bursts.

Its so big that it could take with it whole global market.

There is no safe asset you can turn into in such a case, digital money would literally mean nothing when whole financial system collapses.

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skybrian 14 hours ago | parent | next [-]

This doesn't track with what happened after previous bubbles.

Investors will be sad, but businesses that still do useful work will still have revenue. Why would they be worthless?

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rubyn00bie 14 hours ago | parent | prev [-]

That sort of crash is what central banks exist to protect against. That could be something like the Fed stepping in as a buyer of last resort and picking up several trillion dollars of equity, and/or pushing rates to zero again to incentivize private capital to more or less do the same.

A global crash of financial systems is unlikely because it’s cause too much pain for everyone. It unfortunately means we plebs are likely the ones paying to bail it out.

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int_19h 14 hours ago | parent [-]

I rather suspect that in the current economic climate, a trillion dollar bailout of Big Tech would very quickly translate to riots in the streets.

	▲	TheAlchemist 13 hours ago \| parent [-]
		Frankly, I would be happy if riots in the streets happen (if there is a bailout of Big Tech in the first place). What's going on recently with OpenAI publicly, and probably most of the 'AI' players not publicly, is disgusting - it's a bubble, everyone and their mother knows it, and these guys try to save their asses by asking for governement backing before the bubble even pops. Privatize gains, socialize losses... It's a shame that no more bankers went to jail after 2008, although I find the situation was much more complicated than here.