Why is MTG getting so expensive?

Could you please elaborate on the reasons behind the soaring prices of Magic: The Gathering (MTG) cards? It seems that the market for these collectibles has been experiencing a significant surge in value, and many enthusiasts are wondering what's driving this trend. Are there any particular factors that have contributed to this increase, such as limited edition releases, scarcity, or a growing demand from investors? Additionally, how has the pandemic affected the MTG market, and what can we expect in terms of future price movements?