The card market is doing something the hobby won't say out loud: it's bifurcating. Vintage, authenticated, blue-chip is holding and even climbing. Modern, high-print-run, speculative is sliding. A 1993 Alpha Black Lotus just hit $3M — that's the Birkin of tabletop. https://www.cgccards.com/news/article/12859/
Great diversification until you need liquidity. Try moving $80K in cards quickly — the spread and the fees are brutal. A hobby with optionality, not a portfolio allocation.
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