When will Bubble Mart collapse? still early! Bayc is a high in the industry, with a peak floor of 200eth * 4000u=800000 u per floor. Labubu is a global hotspot, with rare models currently available in thousands of units. Wait until some relatively rare ones with 1 million units are auctioned, and top rare ones with 2 million units are auctioned. The collapse of Bayc is due to the easy issuance of NFT, explosive growth in quantity, and the acceleration of NFT liquidity driven by Blur. Controlling the market is no longer feasible, and consensus has collapsed. The distribution, circulation, sales, and operation of Labubu all test its level, and no opponent can compare with it. Therefore, rare products outside the market will not be diluted by any competitors. In addition, there is no mature circulation market, and the pricing power is relatively well controlled. Under the blind box mechanism, if you draw someone you don't like, comfort yourself by saying it's also quite cute; I finally won what I liked, spent more money, and said it's hard to buy a thousand dollars. I'm happy; It's rare to draw Chinese Super League, and I feel like I'm making money while also appreciating in value. So, the stock price may come down due to regulatory or any short-term negative factors, but in the long run, it will continue to rise and become the Hermes of the new generation of young people. Of course, I would never buy stocks with a PE rating of over 100 right now, but I would never be bearish on them either - but if given an opportunity below PE 40 in the future, I should focus on evaluating whether there is a suitable opportunity.