If you played Runescape you know that tradeable deflationary rare collectibles kept appreciating in value no matter what

Sure, they have pullbacks like everything does, but they kept going up

One could argue Bitcoin and Pokemon cards have similar characteristics

The human species is simply attracted to scarce assets that can't be duplicated

It's something you'll see come back far and wide in history

Stupidity bets against such assets

Partyhats - the most expensive items in Runescape - were the stupidest items from a rational standpoint

They yielded no benefits in the game in terms of gameplay, except status and scarcity

We crave things that few others can get their hands on

No rationale needed