It follows direction of Bitcoin (BTC) for a value of 1:1
Bitcoin (BTC) in the crypto market
Bitcoin is a digital or virtual currency that was developed in 2009 and allows for instant transfers using peer-to-peer technology. It is based on concepts laid out in a whitepaper by the enigmatic Satoshi Nakamoto, whose true identity has yet to be established.
Bitcoin was the top performing asset class in 2020. In contrast, gold and stocks were smashed. The good success of Bitcoin has not gone unnoticed by Wall Street analysts, investors, and businesses.
The fourth bitcoin halving is projected to happen in 2024, so we can foresee a price increase in 2025. Experts estimate that it will hit an all-time high of $100,000, maybe even $400,000, in the near future.