Go ahead, we are going to throw pure and hard speculation in this article, but surely we are not misguided by it, since everything we have been seeing this week is being fulfilled with quite impressive precision. In the eye of the hurricane, unlike Russia, and on the periphery, cryptocurrencies and GPUs.
Russia flees to cryptocurrencies: the price of GPUs could rise
In case we had not noticed, cryptocurrencies such as Bitcoin are closely linked to values or indices such as SP500 to a great extent and given the bloc that Vladimir Putin’s country is currently suffering, the most logical thing is what has ended up happening: the state, oligarchs and companies depositing dividends in this supposed refuge value.
What does this have to do with GPUs? Well, something that ties in with what we anticipated this week: the price of Bitcoin rose on March 1 and after that the US and Europe have launched an attempt to cut off this capital flight to suffocate Russia. What is the next step once Bitcoin is blocked for the Russians? We must not think that this is impossible because this cryptocurrency is decentralized, far from it, there are wallets that in a phone call cut and block virtual assets and currencies in the blink of an eye and in fact it is 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 touch the graphics card market.
Ethereum in Putin’s sights
Once the assets are blocked as they have already been done with the dollars and euros of the country of gas, the most immediate move is to make way for Ethereum as the second refuge value and target the Chinese and Indian markets.
Moving such an amount of money from a country, entrepreneurs and companies in a value of lesser volume such as Ethereum would mean a greater increase in the price of the cryptocurrency, surely and percentage speaking greater than what we have seen in Bitcoin, even for a short time, which it will stop or end the drop in GPU prices because profitability would return to what it was.
As if that were not enough and as we saw yesterday, the cost of 5 nm in terms of chip design is skyrocketing, so the RTX40 and RX7000 They will not be cheaper than the current GPUs, possibly they are more expensive and with it, given the few months that remain with the uncertainty in between, it could make the graphics cards “only” return to their MSRP before the release of the new ones.
Finally, the change in Ethereum’s work mode is likely to be extended a little longer, so several scenarios could coincide at the same time. We will see if these predictions are fulfilled in the next price report, which always takes time to be reflected in the movements described.
