Bitcoin is crashing because everything is crashing. Hardware has nothing to do with it. Bitcoin hasn’t been mined with typical commercial hardware for over 5 years. They use ASIC’s whose prices have been not been heavily impacted by AI investments as they can not be used for AI purposes.
AI Hardware affects investments include like 600% rises in RAM in some areas which will affect node costs. Though bitcoin is probably most affected by rising utility costs, also driven by AI spending.
Bitcoin is crashing because everything is crashing. Hardware has nothing to do with it. Bitcoin hasn’t been mined with typical commercial hardware for over 5 years. They use ASIC’s whose prices have been not been heavily impacted by AI investments as they can not be used for AI purposes.
AI Hardware affects investments include like 600% rises in RAM in some areas which will affect node costs. Though bitcoin is probably most affected by rising utility costs, also driven by AI spending.