Bitcoiners Spot US Economic Data Flaws
Crypto entrepreneur Anthony Pompliano argues that Bitcoin holders were early to recognize flaws in US economic data, positioning themselves to benefit from the resulting market shifts.
Bitcoiners' Early Recognition of Data Inaccuracies
Pompliano stated that Bitcoiners were "the first large-scale group to recognize the economic data was wrong, and they figured out a way to financially capture upside if they were right." He highlighted skepticism surrounding US inflation figures, job numbers, and GDP statistics, particularly amidst uncertainty caused by Donald Trump's tariffs.
Pompliano's Claims Further Supported
This assertion is supported by a March 2024 LinkedIn post by Pompliano, referencing US Treasury Secretary Scott Bessent's admission on the All-In podcast that he did not trust the government's economic data. Pompliano quoted Bessent, saying, "Even the Treasury Secretary has now publicly acknowledged he doesn’t believe the data. He says we must listen to the people rather than blindly follow the government data reports."
Concerns regarding the reliability of US economic data are growing. A July 2024 New York Times report highlighted the need for updated methods to ensure the dependability of government statistics.
Bitcoin's Decoupling from Stock Market
Analysts have noted Bitcoin's resilience during recent market volatility. While the stock market experienced significant declines on April 4th, 2025, due to tariff uncertainty, Bitcoin remained relatively stable, even rallying to $84,720. This decoupling from traditional markets strengthens the argument for Bitcoin as a hedge against economic uncertainty.
Bitcoin's Potential Long-Term Outlook
The ongoing concerns over tariffs have led some, like Bitwise Invest's Jeff Parks, to suggest a higher probability of Bitcoin outlasting the US dollar. Parks stated on April 9th, 2025, that there's a "higher chance Bitcoin survives over the dollar in our lifetime after today." This perspective is further fueled by the 3.19% drop in the US dollar index (DXY) over five days, reaching 99.783 at the time of writing.
Conversely, many Wall Street analysts initially predicted that Trump's tariffs would strengthen the US dollar, a prediction that has proven inaccurate.
Pompliano concluded by criticizing the mainstream finance conversation, describing it as an "intellectual boondoggle where most people regurgitate ill-informed takes based on bad data."
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