Where did the money actually go? Are these small startups or individuals that have gone bankrupt that totalled this amount ?
In: Economics
As others have said, the money didn’t go anywhere because it wasn’t there to begin with. Let’s say you buy a pack of Magic the Gathering cards for $10 with 10 cards in it. The “real” value of each card should be $1 but one of the cards has a cool effect and people are willing to pay $10 just for that card. If you sold it today you’d get the full $10. But say in the new Magic set they print that card again but make it much more common it will be easier to find and people won’t be willing to buy it for $10 anymore. If you still have your original card you technically lost $10 in value from that card but you didn’t actually gain or lose any real money, just the idea that you could sell it for that much money.
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