Their cash isn’t actually tied up in the asset though, per se. Whomever they buy the asset from gets the cash. A good chunk of it likely does eventually filter

Their cash isn’t actually tied up in the asset though, per se. Whomever they buy the asset from gets the cash. A good chunk of it likely does eventually filter out into consumer goods, since people selling assets are sometimes selling to fund living expenses and not just to shift into another asset.