I like electron finance

Their exact location cannot be pinpointed; instead, they exist in a probability cloud where they are likely to be found at any given time.

That's what this hype cycle is founded on. If I lend you $5, you have $5 you can lend further. Now, we each still have a right to $5, so we can lend that debt obligation again for $4.50. Now we have, somehow, a market value of $19.

Until someone looks, then it's probably 0.