3 ms·
NVDA peaked around 30 in 2022 and went down to 10 after ETH went PoS. BTC went from 60k to 20k in the same period. Seems like a perfectly good proxy to me? You
by quickthrowman 2y ago
NVDA peaked around 30 in 2022 and went down to 10 after ETH went PoS. BTC went from 60k to 20k in the same period. Seems like a perfectly good proxy to me?
You could make the argument that rate hikes caused both, but NVDA was looking iffy in between crypto mining and ChatGPT.
I did not say I would short NVDA personally, mind you.