I agree. But adoption is next step of awareness and it will have a chance but when awareness kicks in. Right now awareness is bottleneck I feel like. Because Panini didn’t do massive official marketing. They have 414k IG followers and 239k X followers. Their marketing team seems on a different page to their BC team. That’s ok.
We still have new big whales coming in every so often and many other guys exploring at different paces.
Making the first big single purchase will be fun and a turning point. I have a friend who was not in the US and was exploring all sorts of careers in early 20s. I got him into PaniniBC maybe one year ago. If anything, he acted surgically. He bought a Messi gold at 4-5k and next one at $30k. Now the price is around 50-100k (physical is already 350-500k), BC version LeBron and Ohtani are 40k so it’s probably fair market value.
If one has one of those plays, one can see the sky is the limit potential and have skin in the game, and the world is opening up.
Licensing of NBA and NFL makes those portfolio finite and hard capped. If you are in physical hobby, you know all prices hike up precisely because one cannot get more.
Before Fleer went belly up, Jordan PMG green was $8-12k and now $3-10M.
Before Exquisite concluded its run when UD lost license to Panini, dual logoman of MJ/Kobe was $100k , now $13M .
Before people realize Luka was not in Topps TC checklist, Luka prizm in 2023 was 20k , now $375k.
Those are not isolated examples, there are literally hundreds if not thousands of such before and after examples for each category to close and price going to stratosphere.
Having product coming to continue the lineage is also important, WC and La Liga, WNBA and Nascar and several other big IPs are being cooked which will be important too especially to web3 native, so that box is checked.
Worrying about Panini’s staying power is comical. It’s longest running card company without change of ownership since 1961, not a startup backed VC with a small team running the show. Last 16 years many future millionaires and billionaires grow up in Panini’s dominance and will be nostalgic and in financial prime, and chase their obtainable then cards just like current 40-50 years old demographic chasing hard on the aforementioned cards which were unobtainium for them back then.
If worry about black swan or change of ownership, those PaniniBC are going to ethereum and with 18 trait meta data to fully document provenance and traits, image and videos will be full on chain, so eternal ownership will be here and soon.
It’s always taking some affirmation for guys to get in, when everything is fully in place, it will take a lot more cost and efforts to land the same thing. Just like when smpratt was talking about Pikachu illustrators 10 years ago, it was 20-50k, now Logan Paul and many others like Scaramuccis of the world chasing they are $1-16M.
In any case, just follow along my X posts for the ride, maybe you can get into single market at some point later where the goodies really lie.