Earlier quoted context omitted.
Could you cite this? I've heard the opposite: that Nvidia didn't chase after the crypto market /because/ a crash would cause problems (if they overproduced). Besides, they make plenty of money everywhere else. Furthermore, Intel has charged (edit: consumers) $1000+ for a chip before. The market will bear it, crypto or no crypto.
That might not be a winning strategy if you have real competition though.
So unfortunately, NVidia can bet on a lack of competition for the near future. NVidia can always drop prices when Navi comes out (if it happens to be competitive). But it seems like they're betting that Navi won't be competitive, at least with this pricing structure.