How Trading Cards Became a $1B+ Asset Class
The market for trading cards exploded during the pandemic. A once-innocent hobby has been transformed by seven-figure valuations and fractional investment. How did this American pastime go so Wall Street?
#Sports #TradingCards #OutOfStock
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Пікірлер: 240
Do you collect trading cards? Why or why not?
I'm in the "I can't believe my mom threw that out" club
Adults are just now kids with money
Give the masses enough cheap money and everything becomes scarce and expensive.
This proves that human psychology is weird. We can make worthless things become priceless.
Inflation, speculation and funny money. That is how any hot garbage becomes an "asset class" in the eyes of the financially inept.
@
People mock things they do not understand.
It's a fallacy to blame the 1994 baseball strike for the fall in demand of baseball cards, which actually more of a death nail. The demise of the market started in late 1990 and early 1991 which was during an economic recession and sellers flooded all the card shops during that time when buyers basically all but disappeared.
So great class. Like it. Take care & seeU. ^^
So basically card collecting became a mixture of gambling and trading...
I think this dude is confusing price with value.
Tulipmania but modern. This is major speculation that someone else will buy it for more even when the cards provide no real value either to the normal people or institutions or government.
Every bubble pops....eventually....nothing lasts forever
I have a Michael Jordan golf card and a Michael Jordan 1996 Championship Bulls card (this was after his 1st retirement).
I've always been into trading cards. Pokemon, Yu-gi-oh and now as of recently Dragon Ball Super. and i will say im enjoying Dragon ball Super much more than i am and ever enjoyed any other trading card game. not in terms of playing but in terms of collecting. i have and did play FIFA ultimate team since 09 when they first released it as paid DLC and it exploded and i played that hardcore till 2017 where it dropped off and became stale. which is where i picked up Dragon Ball Super.
Just a heads up, the shot at
"Success is like being pregnant, everyone congratulates you but no one knows how many times you've been f*cked."
We love this video!!!
I got the 86 101 star Michael Jordan rookie card what should I do