Cryptocurrency millionaires have pushed up prices of art and collectibles.

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2075

Only 5 percent have the most popular cryptocurrency bitcoin, but that doesn’t mean it won’t affect the rest of us. Digital money is affecting very real world things, including art, cars, and trade CARDS.
Rudy the Magic Guy is a YouTube personality brand known for his insights into the Gathering of card games, which he says he sees the most valuable Magic CARDS that can be sold for crypto currencies. This year’s celebration of its 25th anniversary has forced players to build CARDS to build their competition with other players. These CARDS are sold mainly on a random package or on a single card in the secondary market.
Between 1993 and 1997, the magician released a set of spare CARDS that would never be copied, creating an instant collection process. “Especially in the last two years, these CARDS have increased significantly,” said Rudy, who did not use his last name. “There were a lot of CARDS that were $30 a few years ago, and now they’re $300 to $400.”
The client told him that he would convert the money he received through bitcoin and other cryptocurrencies into dollars and use the dollars to buy magic CARDS, Mr. Ruddy said. “Some people have made millions of dollars through encryption, and they’ve cut hundreds of thousands of dollars and put them in magic CARDS and tiered CARDS,” he said. ‘some buyers are nostalgic and love the game, but most people seem to be motivated by the value of the CARDS,’ Mr. Ruddy said.
“More people (aware that they are not limited to stocks, bonds and real estate). I can do collections, I can do encryption, “he said. For many, the limited edition magic is faster than traditional investment and doesn’t crash like a cryptocurrency. (the value of bitcoin rose more than 130 percent in 2017, but was affected by several significant declines.)
Of course, the magic card is not the only collectible that can be changed in the face of a cryptocurrency upgrade. On valentine’s day, a piece of “encryption” sold for as much as $1 million. Render a rose (or “rose symbol”), which may be the highest price for a so-called virtual artwork. Industry experts predict that art will continue to change in response to a digital currency, more virtual art is being created and sales, physical art has also been encrypted currency and its effect in the position in our culture.
The car market is also feeling the squeeze. Bitcar was founded in 2015 to encourage customers to buy minority stakes in luxury cars. Options include lamborghini, bugatti and ferrari. Bitcar buyers never really drive – or even see – the cars they invest in. Instead, cars are stored and resold after five to 15 years. At that point, the initial Bitcar investor would get a kickback, assuming the value of the car increased.
However, the encryption trend does not affect every market segment of the collection market. Douglas mulder is a representative of the American coin association. The leading organization for coin collectors in the United States is not trading in bitcoin, but using real COINS that have been passed by humans for thousands of years. Mudd said that while he was not sure, he did not believe that encryption had significantly changed the coin market.


There are three things that make the coin market different from other collectibles: the intrinsic value of physical money and the size of the coin collection market, he said. “COINS are valuable because they have intrinsic value in gold and silver – it doesn’t exist in cartoons or CARDS, or what you have,” Mudd says. Magic is a fairly small market, with a limited number of CARDS, and dealers and collectors can keep track of the number of COINS, which covers the root cause. “The coin collection, this market, this is huge — hundreds of billions of dollars or more in the United States,” mulder said. “Even if people start to bulk convert their encrypted COINS into collectible COINS, it won’t be noticed.”
Temperament may also play a role when it comes to which collectible market cryptocurrencies can change. “For some reason, there seems to be the same type of personality trait between encryption and magic investors,” says Rudy. “Magic is a very digital strategy with a lot of data, odds and statistics.” Similarly, concerns about the credibility of the us government and the stability of traditional currencies between the magic players and the encrypted investors may overlap. “I don’t have any [encryption] money,” said Rudy, describing himself and other players. I don’t even believe in dollars. I believe in CARDS. ”
Statistics and politics, by contrast, are not usually the motive for coin collection. “They believe in tangible things,” says mulder, the coin community. “So go into intangible assets that you can’t collect, and there will be a loss of interest there.” In addition, Mudd adds, “coin collectors tend to be very conservative.” The magician is a product of the 1990s, but the average age of the coin collector is nearly 60 years old, and their behavior is correspondences.
Of course, individual fluctuations in the collectible market are always the most important to collectors, and those outside the bubble barely notice. But it is becoming increasingly clear that encrypting millionaires, even billionaires, can have a huge impact on traditional markets when they convert digital money into paper money. If all goes well, it might just be a matter of time before bitcoin comes to Beanie Babies.

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