Money is simply a container for a form of monetary energy that follows the same conservation of energy laws as physical energy.

And so monetary energy can't be created or destroyed but instead it flows from one system (dollars, bitcoin, real estate, gold, TVs, art etc) to another, and the value of each unit of a system is proportional to the density of the monetary energy the unit is storing.

It will inevitably be attracted to rest in the system whose units store it well and without dilution due to addition of empty units to the system (e.g. freshly printed dollars)

To say precisely where the monetary energy moved to is impossible, but the energy density of units of both gold and the dollar have increased relative to bitcoin over the last few weeks, so those systems are prime candidates

Money is a promise about the future. The future can be unexpected, and promises can be broken.

The same place the “missing money” goes when stock market crashes.