> prioritizing sales to an target audience that is known to be _extremely_ volatile. Every crypto growth cycle is assumed (by enthusiasts) to be more resilient

> prioritizing sales to an target audience that is known to be _extremely_ volatile. Every crypto growth cycle is assumed (by enthusiasts) to be more resilient than the prior growth cycle, on the path to steady growth, and this has turned out to be true, with longer and longer steadier growth cycles, with less and less amplitude in the growth and troughs. in 2018 there was the same optimism, that culminated in a long steep crypto bear market, the longest one so far. Although I think it is obvious that bubbles pop, especially crypto bubbles, I don't think it was obvious or relevant that sales to miners would disrupt so immediately that Nvidia investors needed to know this level of nuance. miners have such high profit margins (if integrated properly) that steep declines in crypto prices shouldn't affect them, but in this case it did. Especially when looking at the resilience and structure of the mining sector now. I think this is an odd demand by the SEC, but Nvidia settled it for pennies so moving on.