GPU and RAM prices have definitely not made consumer PC's cheaper than they were before bitcoin blew up or before AI blew up.
Maybe you could make an argument that they are more cost efficient for the price point... But that's not the same as cheaper when every application or program is poorly optimized. For example why would a browser take up more than a GB or two of RAM?
And I'd postulate that R&D to develop localized AI is another example, the big players seem hellbent that there needs to be a most and it's data centers... The absolute opposite of optimization
We've had RAM shocks before. We nerds can't control the Wall Street or Virginians who like to break the world every so often for the lulz. However, a wobble on the curve doesn't change the curve's destination.