Bitcoin's $114K Line Isn't Enough. Here's What Experts Miss

Everyone's fixated on Bitcoin's $114,000 support level. Analysts are collectively glued to moving averages, RSI, and Bollinger Bands, crying doomsday if it breaks. And if we’re honest with ourselves, are we going to allow a few lines on a graph tell us how to spend our money. I think not. There is certainly room for technical analysis. Focusing on only one level is like trying to steer your ship by only looking at the compass – before you know it, you’ll hit the iceberg!

ETF Inflows: Is It Sustainable?

The prevailing narrative is that this ETF-related inflow is supporting Bitcoin and providing a floor. BlackRock’s IBIT and Fidelity’s FBTC are hailed as saviors. Last week, they absorbed over $1.2 billion. Great! These inflows slowed 40% month-over-month. Are we really counting on this pretty paltry stream of inflows to keep these prices afloat? That's like building a house on sand. What happens when the music stops?

Here's the unexpected connection: It reminds me of dot-com boom. Now, everyone was just throwing money at anything that had a .com in the name, not caring about what the inherent value was. And to United’s credit, it worked—at least, until it didn’t. ETF inflows can be fickle. Always keep in mind that institutional investors are motivated by profit, not loyalty. And if Bitcoin ceases to be the money on which future prosperity depends, they’ll withdraw their support faster than you can say “bear market.”

The Real Threat: Fiscal Irresponsibility

Experts are worried about the Fed. They're worried about CPI data. They're worried about potential rate hikes. Sure, those things matter. The greatest threat is the systemic fiscal irresponsibility of governments around the world. That's what's being dangerously overlooked.

Think about it. Governments are pushing money into the economy with both hands, forcing their debt levels up at record pace. They are essentially debasing their currencies. This is where Bitcoin, with its fixed supply, provides a hedge against this insanity. It’s digital scarcity in a world where everything can be printed infinitely.

This is not a technical analysis, this is fundamental value. It is much more about getting out from under the dragon’s tail of inflationary monetary policy. That's the story that's being missed. The $114,000 level is a distraction. And the actual news has been the slow-motion demise of fiat currency.

Forget The Charts, Embrace The Ethos

So, what should you do? Stop obsessing over the daily price fluctuations. Stop being willfully blind, and stop listening to the talking heads whose paychecks depend on clickbait. Instead, understand the underlying principles of Bitcoin. Learn about its lack of availability, its distributed nature, its aversion to remove.

It’s really about engaging with Bitcoin beyond just an investment asset. It's about seeing it as a solution. The answer to the mess that cavalierly incompetent governments and central banks have caused.

The market’s worry and panic about crossing below that $114,000 mark is a classic case of short-term thinking. Will you allow that fear to dominate your actions? Or are you going to take a step back, look at the bigger picture, and make informed decisions based on your understanding of the world?

So the next time you hear someone discussing moving averages or RSI, challenge them on the national debt. Ask them about inflation. Pay close attention to what they tell you about the long-term sustainability of fiat currency. I’d place a lot of money on their inability to conjure up a good answer.

The real value of bitcoin doesn’t depend on some arbitrary price point. It’s linked to, and perhaps driven by, the widespread erosion of trust in traditional financial institutions. Yet the trend is just really starting to pick up steam. This is why I remain bullish on Bitcoin, regardless of whether it bounces here at $114,000. Focus on fundamentals, not fleeting figures.