Nvidia's share price at 16-month low following cryptocurrency crash

The value of Bitcoin plummeted this week to its lowest since September 2017—and Nvidia's stock price similarly suffered.

It's no surprise: in August, Wes wrote that many cryptocurrencies had lost 90% of their value since January. But the scale of the losses over the past few weeks is staggering, and has interesting implications for PC gaming. As Paul wrote last week, the crypto-mining crash has left Nvidia with "excess" stock, and its share price has been hammered: it's now at its lowest since July 2017 after falling 10% this week.

While bad news for the graphics card manufacturer, the cryptocurrency crash could be—as Paul wrote in August—good news for PC gamers. With fewer people buying GPUs for cryptocurrency mining, there's less chance of another graphics card shortage, which means card prices should remain stable for the foreseeable future.

Samuel is a freelance journalist and editor who first wrote for PC Gamer nearly a decade ago. Since then he's had stints as a VR specialist, mouse reviewer, and previewer of promising indie games, and is now regularly writing about Fortnite. What he loves most is longer form, interview-led reporting, whether that's Ken Levine on the one phone call that saved his studio, Tim Schafer on a milkman joke that inspired Psychonauts' best level, or historians on what Anno 1800 gets wrong about colonialism. He's based in London.