Have you noticed that as the price of Bitcoin goes up, altcoin prices go up? And have you also noticed that as the price of Bitcoin goes down, altcoin prices go down? This might seem like basic information if you are already a crypto-enthusiast. But perhaps, like myself, you would like to have a deeper understanding of what exactly is happening with the price volatility of alt-coins and why they so closely follow the troughs and peaks of Bitcoin. I also wanted to play around with concepts from traditional economic theory, such as supply and demand, and cross-price elasticity, to help frame what is going on.
Video Version: https://youtu.be/xEoLzEFERT4