Kelsey7f@kelsey7f

Follow

I personally don't think they have that much of a runway left. Institutional buyers must purchase large quantities of cards to facilitate their core business experiences, acting as the marginal buyer requiring high volume. The collapse of one or two major institutional buyers could cause the market to fail in a way that mirrors the chaos seen when FTX collapsed in crypto. Potential triggers for a collapse include bad news from PSA or issues with 'rip it' products. Even if a collapse is triggered, the situation could persist for six to twelve months.

1d

Kelsey7f@kelsey7f

Follow

I personally don't think they have that much of a runway left. Institutional buyers must purchase large quantities of cards to facilitate their core business experiences, acting as the marginal buyer requiring high volume. The collapse of one or two major institutional buyers could cause the market to fail in a way that mirrors the chaos seen when FTX collapsed in crypto. Potential triggers for a collapse include bad news from PSA or issues with 'rip it' products. Even if a collapse is triggered, the situation could persist for six to twelve months.

1d