Venture capitalist claims Pokémon cards outperform S&P 500 as collectible asset
Griffin Gaming Partners founder Pete Levin told The Hollywood Reporter that Pokémon trading cards are a global phenomenon that would serve as currency after a hypothetical apocalypse, claiming the cards are outperforming the S&P 500 by 3,000%. The article also notes ongoing scarcity measures, including Target opening boxes to deter scalpers and Japanese retailers limiting purchases via residency rules and facial recognition.
Sources (1)
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Extracted facts (5)
- claim:market_performancerumour
Pokémon cards are said to be beating the S&P 500 by 3,000%
“"Pokémon cards are beating the S&P 500 by 3,000%," he continued.”source
- claim:collection_sizereported
Pete Levin says he owns around 500,000 trading cards and manages over $1.6 billion of gaming assets
“Levin claims to manage more than $1.6 billion of gaming assets and, handily, also happens to be the owner of some 500,000 trading cards.”source
- market:kidult_sharereported
Adults account for around 30% of global toy sales
“the so-called "kidult" phenomenon, where adults now make up around 30% of global toy sales”source
- production:cards_printedreported
10 billion Pokémon cards printed last year
“despite a staggering 10 billion cards printed last year alone”source
- supply:scarcity_measuresreported
US retailer Target has begun opening boxes to deter scalpers; some Japanese releases are limited to Japanese residents and facial recognition has been used to limit daily purchases
“ongoing issues with Pokémon card scarcity, which has prompted U.S. retailer Target to begin slicing open boxes to deter scalpers. In Japan, some releases are being limited to Japanese residents only, while facial recognition ... has been rolled out in some locations”source
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Venture capitalist claims Pokémon cards outperform S&P 500 as collectible asset
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