Paul has been using the card as a way to try and earn money , selling shares of the card off to his fans as an investment. In this way, the card was an investment for Paul, who is having his purchase subsidized by his fan base, while also profiting off any videos he made about purchasing the card
My opponents are bringing in cards like Rest in Peace and Leyline of the Void (dead), Unlicensed Hearse (weak), and cards like Ray of Enfeeblement and Rending Volley that can now only hit Informant (so also weak)
Neither of these are fundamentally broken, though
When you add a PSA grade, like the PSA 7 (NM) mentioned in the original post, it provides a standardized measure of its condition, which is crucial for determining market price
Although the price tag makes it a limited option for many players, Traveling Chocobo will easily become a guaranteed staple for competitive EDH decks, adding to the list of Magic: The Gathering 's best possible commanders