Market Analysis
Latest Market Analysis Intelligence
Lens 1 · Progress vs. Promise
Premium
The Card Market's $12B Bubble, Its Collapse, and Why the Recovery Is Different This Time
The 2020-2021 trading card mania added $12 billion in value before erasing half of it. Three years later, the recovery shows structurally different characteristics — more institutional, more digital, more tokenized. But the speculative impulse hasn't gone anywhere.