Venture Capitalist Hoards 500,000 Cards As Hedge Against Debt Crisis

Venture Capitalist Hoards 500,000 Cards As Hedge Against Debt Crisis

Source: BroBible

Summary

Peter Levin, a 55-year-old venture capitalist, owns about 500,000 trading cards, including Pokémon, sports, and comic books, which he sees as an alternative investment. According to a report in Fortune, Levin views his collection as more than just nostalgia, citing grading, authentication, and marketplaces as factors that have turned collectibles into a serious asset class. He believes Pokémon cards could even serve as a global currency in an apocalypse, though he later clarified the statement was a joke. His collection is stored off-site, and he has no clear idea of its total value.


Our Reading

The habit gets a new name.

Collecting cards is now a hedge fund.

Apocalypse-proof currency is just a side hustle.

Old nostalgia, new jargon.

Cardboard is the new gold.


Author: Evan Null