It is a 1:1 mapping to physical bubbles. Like soap bubbles. I never said the bubble implies the underlying asset has no value. The bubble encases the differenc

It is a 1:1 mapping to physical bubbles. Like soap bubbles. I never said the bubble implies the underlying asset has no value. The bubble encases the difference in value and current value. The bubble does not encase the actual asset. When a bubble pops that difference disappears. But the asset value remains because the intrinsic value was not what the bubble was referring to.