Search results for Pokemon cards
Crypto
Pokemon cards shift from collecting to investment, trade for millions of dollars
Pokemon cards are being traded like investment assets, with money that has profited from cryptocurrencies also flowing into the market. CNBC reported that rare cards trade for millions of dollars, while even regular products repeatedly sell out after release and are resold. Data cited by Collectors, which owns grading firm PSA, show prices rose 282% from 2004 to 2020 and jumped 1,350% since 2020, drawing short-term traders and ultra-wealthy demand.
Crypto
Boris Johnson slams bitcoin as \'Ponzi scheme\'
Former British Prime Minister Boris Johnson criticised bitcoin, calling it a \"Ponzi scheme\" and saying it has less investment value than Pokemon cards with long histories and collectible appeal. He cited a case in which an acquaintance was drawn into a bitcoin investment scam and lost 20,000 pounds, highlighting the risks of financial fraud. The crypto industry pushed back, including comments from Strategy co-founder Michael Saylor and Bitcoin Bond Company CEO Pierre Rochard.
Crypto
Collectibles perpetuals exchange Trove switches from Hyperliquid to Solana after token sale
Trove, which launched as a collectibles-based perpetuals exchange for items such as Pokemon cards, has scrapped development of a Hyperliquid-based platform and pivoted to Solana, The Block reported on Jan. 18. The move came a week after a token sale. Trove lost access after a liquidity partner handling its staking position ended ties. The TROVE token is not yet listed, investors are seeking refunds and the project timeline is uncertain.