The Speculation Spiral
In his recent viral post on LinkedIn, Upper Deck President Jason Masherah addressed a topic few inside the industry have been willing to discuss openly: “Everything speculative is up right now—[stocks, crypto, trading cards]—and it’s pricing some collectors out”. As he went on to say, “it works—until it doesn’t”. For years, the hobby has told itself a comforting story: that rising prices mean growth, and growth means health. That the flashier the sale, the stronger