alt Hacker NewsThat is funny comparison looking how baseball card markets have gone recently. Which is extreme increases in prices for little logical reasons. Or has baseball massively increased in popularity? (Honest question)
That is funny comparison looking how baseball card markets have gone recently. Which is extreme increases in prices for little logical reasons. Or has baseball massively increased in popularity? (Honest question)
I would guess it’s the same force driving absurd stock valuations — the money supply doubled around COVID and all the new money has to pool up somewhere. Some of it ends up in stocks and real estate, but once those become obviously overvalued it starts pooling up in more fringe investments like trading cards. It’s the same dynamic that created exotic mortgage backed securities that led to the 2008 financial crisis. There’s literally trillions of dollars of capital that’s slowly losing value from inflation and the owners of that capital are desperate to find investments that will preserve or increase their wealth.