Since we are still in the infant stages of blockchain and cryptocurrencies, we are just beginning to scratch the surface with it’s full potential. A strong, loyal following emerged with kids around the world that were invested in every next move.Ī loyal following/community that believes in the existence of a certain crypto is arguably the primary driving force for long term sustainability - but what exactly rallies a community behind it’s existence? Utility They watched the show, and discussed it amongst their friends. On the contrary, Pokemon fans created clubs and hosted events. This leads to the next factor: A loyal following / community. While a young Pokemon fan might spend even hundreds of dollars on a rare Pokemon card, parents likely wouldn’t buy a single one for themselves. To them they were just pieces of card stock that had infiltrated their homes and kept their children occupied for hours on end. Parents on the other hand, had a very different outlook on these Pokemon cards.
Even though all the cards virtually cost the same to produce, the rare holographic ones could sell for 50x-100x the price of a standard card! This same logic can be applied to cryptocurrencies.Ĭryptocurrencies by default have a fixed supply, meaning the more coins that get purchased, the rarer the coin becomes, and thus the value of the coin increases. People lusted after these rare, holographic cards because they were limited in supply.Īs a result, the more rare the card was, the more value it held.
They were rare, and if you were lucky enough to find one in your pack, you’d be the ultimate hero amongst your friends for the next week. Kids were constantly scrounging up money (myself included) to buy a new pack of cards. As many can remember, buying Pokemon cards as a child was the adult equivalent of picking up a 6 pack of beer on the way home from work.