Please be gracious: can someone please explain to me how the btc halving affects the price of alts? I know that the rewards halve after every 210,000 blocks mined, which takes about four years. Shouldn't it really just be the price of btc that changes? Ethereum, for example, is a completely different network after all. What do alts have to do with it? Or are they just changing because more investors are getting in now?
A friend of mine couldn't really explain it either and just said it's always the case that it happens after the halving. I would like to know why? Or are the prices of the alts linked to the btc price. So that the fall and rise must happen inevitably.
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