Go ahead, we’ll be throwing out some hard-core speculation in this article, but we’re surely not mistaken, as everything we’ve seen this week is coming true with some pretty impressive accuracy. In the eye of the storm, unlike Russia, and on the periphery, cryptocurrencies and GPUs.
Russia flees to cryptocurrencies: the price of GPUs could rise
In case we haven’t noticed, cryptocurrencies such as Bitcoin are closely tied to stocks or indices such as SP500 to a large extent and given the block that Vladimir Putin’s country is currently suffering, the thing the most logical is what ended up happening: the state, the oligarchs and corporations depositing dividends in this supposed safe haven.
What does this have to do with GPUs? Well, something that matches what we had predicted this week: the price of Bitcoin rose on March 1 and after that the United States and Europe launched an attempt to cut off this capital flight to stifle the Russia. What’s next once Bitcoin is blocked for the Russians? Do not believe that it is impossible because this crypto-currency is decentralized, far from it, there are wallets which in a phone call cut and block virtual assets and currencies in the blink of an eye and in fact it’s already on the mark according to the latest leaks.
Therefore, the next step is to go down and look at other horizons where Russia is going to hit the graphics card market.
Ethereum in Putin’s crosshairs
Once the assets are blocked as has already been done with the gas country’s dollars and dollars, the most immediate step is to make room for Ethereum as a second safe haven and target the Chinese and Indian markets.
Moving such an amount of money from a country, entrepreneurs and companies of lesser volume value like Ethereum would mean a bigger increase in the price of the cryptocurrency, surely and a speaking percentage greater than what we have seen in Bitcoin, even for a little while, that it will halt or end the GPU price decline as profitability would return to what it was.
As if that’s not enough and as we saw yesterday the cost of 5nm in terms of chip design is skyrocketing so the RTX 40 and RX 7000 They won’t be cheaper than the current GPUs, maybe they are more expensive and with them, given the few months left with the uncertainty between the two, it could make graphics cards come back” only” to their MSRP before the release of the new ones.
Finally, Ethereum’s change of working mode may be extended a little longer, so several scenarios could coincide at the same time. We will see if these predictions come true in the next price report, which always takes time to be reflected in the described movements.
