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From Tulips to Pokemon — why we need to stop living in bubbles
If you had a spare couple of million dollars lying around, what would you spend it on?
Well, if you’re YouTuber Logan Paul… you’d buy… Pokemon cards?!
Yup. That just happened.
He’s bought six boxes over the past three months costing $2m in total, some of which cost up to $400,000 (£295,000) each. Each box contains 36 packs with around 400 cards in them.
His aim is to uncover some of the rarest cards, some of which — such as a first-edition Charizard (sold at auction for $183,000 just last year) can go for eye-watering sums of money.
Think about that for a second. ONE HUNDRED AND EIGHTY THOUSAND DOLLARS. For a single card with some colours and text on it.
The world’s gone crazy.
But it’s nothing new. It’s just another ‘bubble.’
A bubble is something of perceived great value that is created through the hype of humans, but is essentially artificial and of little value in reality.
Plenty of examples of this can be seen throughout history.
