Crypto Influence on Current Prices

[Johnny630]

Originally Posted by puckpaul

They are only related in the sense that the markets are all flooded with liquidity and the same phenomenon running up the prices of crypto, cards and many assets are all interrelated. Crypto speculation is probably more related to modern card speculation than Vintage but hard to completely separate the two.

100+ agree

[Exhibitman]

Depends on what your definition of "is" is. Anyone who can afford to drop six or seven figures on cards isn't worrying about short term gyrations in other investments. Those of us whose spending is capped at a much more modest level very likely do not own a meaningful amount of crypto as compared to home equity, securities, retirement accounts and (if you've collected for a long time) cards.

Personally, I'd like to see crypto crash or be regulated out of existence just so all of these smug millennials will STFU. They remind me of those first-wave Internet a-holes ca. 1999 or the real estate jagoffs of 2007.

And stay off my lawn!

[Yoda]

I don't think you can avoid the psychological effect of Covid on the mad buying of assets these days. Here today, gone tomorrow sort of thing. And so if you wish to use some of that fat bank account, please buy old baseball cards.

[parkplace33]

The uptick is definitely tied to crypto and speculative investing. Just look at how the Wagner was paid for in the recent REA auction. Paid with crypto.

[mrreality68]

Originally Posted by parkplace33

The uptick is definitely tied to crypto and speculative investing. Just look at how the Wagner was paid for in the recent REA auction. Paid with crypto.

I tend to agree with this.

In addition crypto "money" adds money to the Card Collection Realm that may not have been there otherwise and results in more and higher prices on cards with more and new bidders.

[spacktrack]

Originally Posted by parkplace33

The uptick is definitely tied to crypto and speculative investing. Just look at how the Wagner was paid for in the recent REA auction. Paid with crypto.

The record-setting Wagner was not paid for with cryptocurrency. REA offered to accept crypto for the purchase, but that option was not chosen by the buyer.

Brian

[Schlesinj]

Not sure where I saw it but I did see a chart showing a direct correlation of Crypto price increases to the top 50 card prices.

[Leon]

The bottom line in our economy, as any person even half educated knows, is there is too much money chasing too few goods. Inflation. And whomever says it's transitory is an effing idiot. When wages go down, and the govt quits giving free money to half of America, the prices will go down. And that time is never.

As for crypto, it's just more money in the mix, imo.

Every thread needs a card...
.

[parkplace33]

Brian,

Thanks for the ground truth.

Originally Posted by spacktrack

The record-setting Wagner was not paid for with cryptocurrency. REA offered to accept crypto for the purchase, but that option was not chosen by the buyer.

Brian