Despite the low value, there are specific reasons to buy wholesale:
Some people genuinely enjoy the "treasure hunt" of organizing a massive collection, even if they don't find high-value cards. Major Red Flags & Scams Reviewers warn against certain wholesale-style listings: buy magic cards wholesale
Some players buy bulk to create their own "Cube" (a custom drafting set) for friends. Despite the low value, there are specific reasons
It is a cheap way to get a wide variety of cards to learn basic mechanics and build simple "kitchen table" decks. You will rarely pull cards worth more than you paid
You will rarely pull cards worth more than you paid. Stores typically buy these for and sell them for $15–$25 . Card Quality
Bulk cards make great backing for printed proxies.
Sorting through 10,000 cards can take dozens of hours. If your goal is profit, the "hourly wage" for this work is often pennies.