Bitcoin (BTC) investors were the initial group to highlight imperfections in the United States economic statistics and position themselves for potential gains, asserts crypto entrepreneur Anthony Pompliano.
“Bitcoin enthusiasts were the first significant collective to discern that the economic data was flawed, and they devised a method to financially seize the opportunity if their assumptions were accurate,” Pompliano declared in an X post dated April 12.
Pompliano anticipates increased awareness regarding “inaccurate” data
“The unvoiced truth regarding why numerous financial professionals misinterpret the analysis of tariffs is that they have faith in the government statistics,” he stated further.
In light of the prevailing ambiguity and ongoing apprehension regarding US President Donald Trump’s implemented tariffs, Pompliano scrutinized the veracity of US inflation figures, employment statistics, and GDP numbers. He emphasized that “eventually, everyone will come to realize the data is not precise.”
This follows Pompliano highlighting in a LinkedIn post on March 20, US Treasury Secretary Scott Bessent’s appearance on the All-In podcast, during which he was directly asked if he trusted the data — and answered, “no.”
“Even the Treasury Secretary has now publicly admitted he doesn’t trust the data. He claims we ought to listen to the populace instead of blindly adhering to government statistical reports.”
Concerns regarding the dependability of US economic figures have been simmering for some time. A report from July 2024 contended that innovative strategies are essential to “guarantee governmental statistics remain trustworthy.”
Source: Anthony Pompliano
This occurs as ongoing worries regarding Trump’s tariffs have prompted several crypto analysts to reinforce the notion that Bitcoin could surpass the US dollar in the long term.
Head of alpha strategies Jeff Parks from Bitwise Invest stated on April 9 that there exists a “greater likelihood Bitcoin will endure beyond the dollar in our lifetime moving forward.”
In the last five days, the US dollar index (DXY) has decreased by 3.19%, currently resting at 99.783 at the moment of publication, according to data from TradingView.
The US dollar index has fallen by 8.06% since the start of 2025. Source: TradingView
Several analysts on Wall Street had anticipated that Trump’s tariffs would enhance the US dollar, as indicated by a recent Wall Street Journal article.
Pompliano remarked, “The mainstream discourse in finance has devolved into an intellectual maze where most individuals echo uninformed opinions based on flawed data.”
Analysts have recently emphasized Bitcoin’s recent divergence from stocks
In the meantime, analysts have recently noted that while the stock market was “plummeting” on April 4 amid tariff ambiguity, Bitcoin did not drop as drastically as expected. Throughout times of macroeconomic instability, Bitcoin and crypto assets have historically been more volatile compared to the stock market.
Related: Bitcoin price skyrockets to $83.5K — Have professional BTC traders become optimistic?
On April 4, Cointelegraph reported that Bitcoin remained stable above the $82,000 level, and while US equities faced a downturn, Bitcoin surged to $84,720, showcasing a price movement that is atypical.
In the meanwhile, former BitMEX CEO Arthur Hayes suggested Bitcoin might be entering what he refers to as “up only mode,” as a deepening crisis in the US bond market possibly drives investors away from conventional safe-haven assets and towards alternative stores of value.
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