GPU's went up as crypto gained popularity, crypto has gained popularity as governments kept printing more money handouts. We now have high inflation, high demand, chip shortages, supply chain shortages and high crypto popularity because of out of control fiat printing.

This also coincides with the governments sudden desire to regulate the industry despite it existing for nearly a decade now. Its a leak in the their system. You can't print money and hand it out where you want if someone has a hedge against your money printers.