When COVID hit there was a lot of money that was given by governments to the people, some spent it on daily necessaries and others spent it on cardboard that they hoped would be a good investment. Iirc this was also around the time when folks like the Paul brothers were very into pokemon collecting so people wanted to cash in on other similar collectable card games.
The venn diagram of people who made mucho bucks on Bitcoin also included some mtg collectors. Also stimulus checks were being handed out. In short, people had excess money.
I’ve worked in the collectibles industry for the past 6 years. The covid boom was WILD. It was an absolute nightmare at the time, but luckily we have been able to ride that wave into a position where we are at least a 3-5x bigger company now than pre-covid and still growing.
Covid restrictions and money availability showed us what people wanted to do if their access to free time and the fruits of their labor weren’t constantly suppressed.
People spent money on this stuff rather than eating out, drinking, travel, etc. The same kind of bubble in the luxury watch industry happened around that time. I doubt stimulus checks had anything to do with it significantly.
People sat at home and could not spend money on a lot of things they usually spent on. Collecting cardboard is a hobby that can be continued while stuck at home.
a couple of things, mainly COVID and also in part due to COVID a lot of TCGs got a ton of spotlight due to big streamers and nostalgia
Logal Paul started opening packs on streams, big faces started talking about cracking packs to try and earn money, and people started buying cards and packs either as nostalgia bait or because they were hoping to turn a profit as they saw these streamers opening $20k cards and whatnot.
I love how people are like “it’s because everyone spent all their money from the checks on mtg and crypto” but it’s literally just people having money for random shit Becuase they couldn’t do anything regularly for damn near 2 years. No theaters, no parks with attractions, no concerts. So people were inside buying stupid shit which is why Pokémon cards, magic cards, video games, figurines, all saw a rise in popularity because it’s all stuff you can do from home.
My job was food service adjacent. Everyone got raises and bonuses for attendance from the PPP loans, so I used it to buy a set of LEDs and finish my blue dual set since I was largely unaffected by COVID and had an influx of free money.
Almost every friend I had was in the same situation since our local economy essentially ran as normal except dine in options were limited
I remember when the $1200 stimulus was announced, the day afterwards Apple announced their new phone, priced at $1200. Yes they had a record breaking quarter.
The Covid collectible bubble happened.
When COVID hit there was a lot of money that was given by governments to the people, some spent it on daily necessaries and others spent it on cardboard that they hoped would be a good investment. Iirc this was also around the time when folks like the Paul brothers were very into pokemon collecting so people wanted to cash in on other similar collectable card games.
The venn diagram of people who made mucho bucks on Bitcoin also included some mtg collectors. Also stimulus checks were being handed out. In short, people had excess money.
Stimulus checks, crypto, collectors bubble. A lot of things that had a high risk of resulting in a crash
I’ve worked in the collectibles industry for the past 6 years. The covid boom was WILD. It was an absolute nightmare at the time, but luckily we have been able to ride that wave into a position where we are at least a 3-5x bigger company now than pre-covid and still growing.
Covid restrictions and money availability showed us what people wanted to do if their access to free time and the fruits of their labor weren’t constantly suppressed.
People spent money on this stuff rather than eating out, drinking, travel, etc. The same kind of bubble in the luxury watch industry happened around that time. I doubt stimulus checks had anything to do with it significantly.
People were stuck inside and had extra cash to blow
All collectibles in general probably shot through the roof.
People sat at home and could not spend money on a lot of things they usually spent on. Collecting cardboard is a hobby that can be continued while stuck at home.
Covid.
Look at what the stock market did.
a couple of things, mainly COVID and also in part due to COVID a lot of TCGs got a ton of spotlight due to big streamers and nostalgia
Logal Paul started opening packs on streams, big faces started talking about cracking packs to try and earn money, and people started buying cards and packs either as nostalgia bait or because they were hoping to turn a profit as they saw these streamers opening $20k cards and whatnot.
Same thing that happened to Pokemon: Covid Collecting
I love how people are like “it’s because everyone spent all their money from the checks on mtg and crypto” but it’s literally just people having money for random shit Becuase they couldn’t do anything regularly for damn near 2 years. No theaters, no parks with attractions, no concerts. So people were inside buying stupid shit which is why Pokémon cards, magic cards, video games, figurines, all saw a rise in popularity because it’s all stuff you can do from home.
“Free” money from the government…lack of anything to spend it on
When interest rates went to zero everybody bought everything because money was free and inflation occurred
I was promised by pumpers that RL can only go up
OMG 1/3 of my 100 fraudulent PPP loans actually got approved?
stimmy checks
FOMO
Covid, trumpbux and crypto
Hey sorry if this is dumb but what website is this
Free money baby
Crypto. funny money.
manufactured out of thin air, and the laundering of it.
My job was food service adjacent. Everyone got raises and bonuses for attendance from the PPP loans, so I used it to buy a set of LEDs and finish my blue dual set since I was largely unaffected by COVID and had an influx of free money.
Almost every friend I had was in the same situation since our local economy essentially ran as normal except dine in options were limited
I took reserved list cards as a payment for services(flooring not whoring) in 2021 no shit ferealz
Stimi checks
Money printing.
I remember when the $1200 stimulus was announced, the day afterwards Apple announced their new phone, priced at $1200. Yes they had a record breaking quarter.