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How the cryptocurrency rush added to the semiconductor crisis
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Cryptocurrencies, and conversations about them, now appear to be everywhere. Crypto prices have risen sharply over the past year, attracting a slew of new investors. Despite the volatility of the sector, and the emergence of newer, and unknown financial instruments, several factors affect the stability of cryptocurrencies, including semiconductor shortages, excessive usage of energy sources that were not meant for crypto-mining, and India’s official stand (which seemingly is to outlaw cryptocurrencies).
Semiconductors Crisis
While investors were euphoric about the recovery in the price of Bitcoin in recent months, this has also led to the problem of abundance. Across the globe, sectors have been hit by the shortages of computing chips in the
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