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CryptoIntelligence 2025-04-13 08:28:33

Bitcoin Holders Were Early to Spot Flaws in U.S. Economic Data, Tariff Worries

As confidence in the accuracy of U.S. economic data continues to erode, crypto entrepreneur Anthony Pompliano believes that Bitcoin holders were ahead of the curve in recognizing deeper flaws in the system—and positioning themselves for a financial advantage. Bitcoiners Saw the Writing on the Wall In an April 12 post on X, Pompliano remarked that Bitcoin investors were the first significant group to notice discrepancies in U.S. economic indicators. “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 wrote. Pompliano’s skepticism centers around key indicators such as inflation rates, employment figures, and GDP growth. He suggests these metrics are unreliable, especially in the context of economic measures like tariffs introduced under President Donald Trump’s administration. A Growing Doubt Among Officials and Experts Pompliano highlighted a March 20 interview with U.S. Treasury Secretary Scott Bessent on the All-In podcast. When asked if he trusted the current economic data, Bessent plainly replied, “no.” This, Pompliano said, is a pivotal moment: “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 over the reliability of official data are not new. A report from July 2024 raised questions about whether traditional statistical methods can still deliver trustworthy information, pushing for new methodologies. Tariffs, Uncertainty, and Bitcoin’s Resilience The economic climate has been especially turbulent amid the ongoing tariff policies initiated by Trump. While some Wall Street analysts predicted the tariffs would strengthen the U.S. dollar, recent performance suggests otherwise. The dollar index has fallen 3.19% over the past five days, currently standing at 99.783. Since the start of 2025, it’s down 8.06%. Jeff Parks, head of alpha strategies at Bitwise Invest, offered a bold prediction on April 9: “There is a higher chance Bitcoin survives over the dollar in our lifetime after today.” Pompliano doubled down on the sentiment, saying, “The mainstream finance conversation has become an intellectual boondoggle where most people regurgitate ill-informed takes based on bad data.” Bitcoin Diverges From Traditional Markets Interestingly, while U.S. equity markets slumped on April 4 amid escalating tariff tensions, Bitcoin performed with unexpected strength. It held firm above $82,000 and even climbed to $84,720 while stocks were crashing—defying the typical correlation. Analysts have long observed that cryptocurrencies tend to be more volatile during macroeconomic stress. Yet in this case, Bitcoin’s stability while traditional assets faltered has reinforced the narrative of it being a hedge against systemic risk. Former BitMEX CEO Arthur Hayes described this current phase as potentially “up only mode,” attributing it to worsening conditions in the U.S. bond market. As investors grow wary of traditional safe havens, more may flock to alternative assets like Bitcoin.

https://www.digistore24.com/redir/325658/ceobig/
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