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#Post New Year Greetings to Win Fancy Merch# Bitcoin's price is hovering at $43,000 with recent movements in the market. Altcoins are also positively affected by Bitcoin's recovery. Bitcoin's rise is supported by declining spot selling pressure. It is observed that the price has risen with Tether's recently minted $1 billion USDT. The impact of a total of $13 billion USDT released since October on the market is being debated.
The possible effects of spot Bitcoin ETFs on the markets are a matter of curiosity. It is predicted that ETFs, which have experienced a significant net money inflow since their launch, can reach a net inflow of 10 billion dollars throughout the year. Among the 10 companies that issued the ETFs are giants such as BlackRock and Fidelity, which manage trillions of dollars in assets, and have already begun recommending Bitcoin ETFs to customers.
It is stated that it is too early to see the positive effects of ETFs on the overall market. It is thought that the future growth and effects of the ETF market will become clearer in a few years.
On the other hand, institutional investors such as Anthony Scaramucci are optimistic about the future of Bitcoin. Scaramucci states that if net inflows to the market increase, it will be inevitable that the price of Bitcoin will rise.
According to Scaramucci's predictions, Bitcoin could reach between $200,000 and $240,000 and even go as high as $400,000 in a scenario where gold captures half of its market capitalization. These predictions are supported by predictions based on Bitcoin's halving cycles