isn’t this “the dream”? a free market where the price is dictated by supply and demand?

You see it as a threat? Fine. But if you’re gonna be rational focus on all the things that impact you - don’t just listen to propaganda parroting the same things over and over again.

On a side note: at least for BTC GPUs have not been a viable option is quite a while. also, mining happens in areas with low electricity prices - so not sure either of these arguments have legs.

The bitcoin price is correlated with the price of other cryptocurrencies. Greater bitcoin price -> greater other-cryptocurrencies-price -> greater motivation for people to mine these other cryptocurrencies -> greater demand for GPUs for mining.

Well, I suppose I'm conflating correlation with causation here. Are the two correlated because a higher bitcoin price produces a higher other-cryptocurrencies price, or the other way around, or another thing which causes both of them, or maybe some mix of some of these 3?

historically the rallies in btc triggered rallies in other cryptos

Thanks