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Bitcoin Policy Institute Urges Defiance Against 'Fiat Ghosts' Amid Market Resistance

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Bitcoin Policy Institute Urges Defiance Against 'Fiat Ghosts' Amid Market Resistance

2 days ago7 min read

The Bitcoin Policy Institute has issued a rallying cry to the cryptocurrency community, advising investors to stand firm against the 'ghosts of fiat' as Bitcoin confronts significant technical resistance that has attracted bearish sentiment. The Institute frames this market tension not merely as a technical challenge but as a critical juncture in the broader struggle for monetary sovereignty against what it describes as an increasingly unstable traditional financial system.According to their analysis, the true threat to global markets isn't short-term price volatility but the systemic risk posed by central bank policies, unsustainable debt levels, and currency devaluation. The statement highlights a recurring pattern where Bitcoin's approach to major price thresholds triggers familiar criticisms from the established financial order—including regulatory concerns and environmental debates—which the Institute characterizes as defensive tactics from a system losing its monopoly over money.The current resistance near the $70,000 level is presented as both a psychological and technical test, drawing parallels to Bitcoin's breakthrough past $20,000 in 2017. The Institute points to a deteriorating macroeconomic landscape, with central banks like the U.S. Federal Reserve and the European Central Bank facing limited options against inflation and recessionary pressures.In contrast, it notes the growing adoption of Bitcoin by sovereign nations, from El Salvador to BRICS members, as evidence of a structural shift toward decentralized assets as a hedge against fiat instability. The conclusion asserts that the prevailing bearish pressure at resistance levels represents a final stand for a faltering financial paradigm, predicting a decisive breakout that will ultimately reinforce Bitcoin's role as a cornerstone of a new monetary era.

#featured

#Bitcoin Policy Institute

#fiat currency

#price resistance

#market analysis

#institutional adoption

#regulation

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