[nostrademons]

Right now it'd probably be a net positive to the economy. Many of the people who were in early and have made paper millions weren't all that rich before and just happened to get lucky, while the money that's cashing them out now is largely coming from wealthy people & institutions that don't want to be left behind. Redistribution from rich -> poor is usually an economic plus, because it shifts cash from people who have a tendency to sit on marginal dollars to people who have a tendency to spend it.

This could reverse if the average man on the street starts investing significant amounts of money, enough that they'd miss it if it evaporated. Then we'd get a big recession when the bubble popped.