In this article we'll look at the fundamentals of Bitcoin, the cryptographic currency that is paired with the U.S. dollar. It's a highly volatile asset that will be a key driver of price in the years ahead. We'll also explore the role of institutional money, which will continue to be a major factor in the price of BTC USD into 2021. Here's a quick overview of institutional money's influence on the price of the digital currency: Bitcoin is a cryptographic currency As of January 2009, Bitcoin has reached an adoption level unprecedented in the history of digital currencies. Unlike traditional currency, however, the digital monetary unit is not distributed to individual users. Instead, it is stored in a database known as a public ledger. These transactions describe the movement of a balance of Bitcoin currency from an input address to an output address. The digital currency is traded on a cryptocurrency exchange. Bitcoin is not accepted by traditional banks or merchants, but it is widely accepted by large businesses, governments, and individuals worldwide. It is paired with the U.S. dollar The pair is named after countries located in Central and Eastern Europe, including the Baltics, Eastern Europe and Southeast Asia. The term "CEE" usually means the former communist states of the Eastern Bloc. The European Central Bank (ECB) recently raised its benchmark borrowing rates by half a percentage point to stem inflation, which is running at 40-year highs. This weakened the euro, causing it to decline against the dollar. It is highly volatile One of the major reasons why Bitcoin is so popular today is its highly volatile nature. Volatility refers to the rate of change in price for a specific set of returns. When talking about the price of BTC, this can be difficult to determine as Bitcoin has seen major fluctuations in the past. However, if you are familiar with the world of financial markets, you'll understand why volatility is such a large part of the overall Bitcoin investment process. Institutional money is expected to be a major price driver in 2021 The recent drop in bitcoin cannot be separated from the downturn in the traditional markets. After all, the market is experiencing a bear market after the Fed's 50 basis point (0.5 percentage point) rate hike. Moreover, the latest Morgan Stanley report showed that institutional money will dominate crypto trades in 2021, with retail investors accounting for less than a third of the total. It has a positive correlation with all the major crypto pairs Despite the fact that Bitcoin does not use a fiat currency, it does have a strong correlation with most of the major crypto pairs, including the USD. Bitcoin is a popular and reliable price direction indicator, and the BTC/USD pair shows a positive correlation with all the major crypto pairs. Gold has long been considered a safe haven, and it shares fundamental economic qualities with Bitcoin. It is a mystery to currency traders While many currency traders are familiar with major and minor currency pairs, more experienced currency traders will also be aware of the more exotic ones. BTC/USD is the pairing of the leading cryptocurrency Bitcoin and the U.S. dollar, and it has generated a great deal of interest and excitement over the last decade. The primary reason for the increased interest is that Bitcoin provides a clear direction to the price of nearly all other cryptocurrencies. How to Buy Tether Coin (USDT) USDT is a stablecoin that mirrors the current price of the USD. USDT tokens were originally issued on the Bitcoin blockchain in 2014. They were updated in 2014 to work on other blockchains. USDT is backed by the US dollar and held in reserve by Tether Limited. You can buy USDT through the Tether platform. But how do you buy USDT? Here are some things you need to know. This article will help you decide which one to buy. Tether While Bitcoin users are familiar with cryptocurrencies such as Bitcoin, they may not be familiar with the cryptocurrency known as Tether. Unlike Bitcoin, USDT is not mineable and is only issued to verified users who deposit fiat currencies. In fact, on January 1, 2018, the Tether service was discontinued for U.S. residents. However, it can still be purchased at most cryptocurrency exchanges where USDT is accepted. To buy USDT, you will need to make a wire transfer to a crypto exchange. USDC While USDC is relatively safe, it cannot be considered 100% risk-free like Bitcoin or other cryptos. In fact, all forms of investment, including crypto, come with some risk, but this is part of the return on investment. Unlike bank deposits, however, USDC is not insured, and most banks only cover a limited amount. This risk issue only applies to failed exchanges, and is therefore of limited concern. If you are looking to buy USDC, there are some useful tips to consider before making the purchase. USDT There are two main ways to buy Bitcoin USDT. The first is through an exchange such as Binance, and the second is through an online wallet like Coinbase. Both of these methods can be used as a means of purchasing bulletproof vests and other items. But while there are many advantages to both methods, the first is by far the most popular and convenient. Unlike the other two methods, you can buy Bitcoin USDT directly from an exchange, and if you prefer, you can even trade them with other cryptocurrencies. Tether's IOU model The IOU issuance model of stablecoins like Tether has been criticized by some cryptocurrency enthusiasts. The virtual coins are supposed to represent real money and be redeemable anytime they are needed. However, there is no concrete proof that Tether has any backing beyond its own reserves. So, is Tether really worth the hype? Let's take a closer look. We'll look at its history and potential uses in this article. Tether's exchange rate Tether has been in the news recently for several reasons. One is its controversy over the amount of USD reserves it holds. The price of Tether's USD token has fluctuated, falling as low as $0.88 at one point. Despite the controversy, Tether has never been fully audited by a third- party. As such, it is not entirely clear whether the company's USD reserves are truly stable. The company has responded to these concerns by pledging to provide regular audits and attestations.