{"id":127081,"date":"2025-04-13T07:26:14","date_gmt":"2025-04-13T07:26:14","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127081"},"modified":"2025-04-13T07:26:14","modified_gmt":"2025-04-13T07:26:14","slug":"bitcoiners-were-first-to-realize-us-economic-data-was-wrong-pompliano","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127081","title":{"rendered":"Bitcoiners were first to realize US economic data \u2018was wrong\u2019 \u2014 Pompliano"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) holders were the first to point out flaws in the United States economic data and position themselves for the potential upside, says crypto entrepreneur Anthony Pompliano.
\n\u201cBitcoiners 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,\u201d Pompliano said in an April 12 X post.
\nPompliano foresees more will realize data is \u201cinaccurate\u201d
\n\u201cThe unspoken secret as to why so many finance folks are wrong in their analysis of the tariffs is because the finance folks believe the government data,\u201d he added.
\nAmid the widespread uncertainty and ongoing fear over US President Donald Trump\u2019s imposed tariffs, Pompliano questioned the accuracy of US inflation figures, job numbers, and GDP statistics. He added that \u201ceventually everyone else will realize the data is inaccurate.\u201d
\nIt comes after Pompliano pointed out in a March 20 LinkedIn post, US Treasury Secretary Scott Bessent\u2019s appearance on the All-In podcast, where Bessent was asked directly if he trusted the data \u2014 and replied, \u201cno.\u201d
\n\u201cEven the Treasury Secretary has now publicly acknowledged he doesn\u2019t believe the data. He says we must listen to the people rather than blindly follow the government data reports.\u201d
\nConcerns about the reliability of US economic data have been brewing for a while. A July 2024 report argued that new approaches are needed to \u201censure government statistics remain dependable.\u201d
\nSource: Anthony PomplianoIt comes as ongoing concerns over Trump\u2019s imposed tariffs have led some crypto analysts to reinforce the idea that Bitcoin could outlast the US dollar in the long run.
\nBitwise Invest head of alpha strategies Jeff Parks said on April 9 that there is a \u201chigher chance Bitcoin survives over the dollar in our lifetime after today.\u201d\u00a0
\nOver the past five days, the US dollar index (DXY) has dropped 3.19%, currently sitting at 99.783 at the time of publication, according to TradingView data.
\nThe US dollar index is down 8.06% since the beginning of 2025. Source: TradingViewSeveral Wall Street analysts were under the belief that Trump\u2019s imposed tariffs would bolster the US dollar, according to a recent Wall Street Journal report.\u00a0
\nPompliano said, \u201cThe mainstream finance conversation has become an intellectual boondoggle where most people regurgitate ill-informed takes based on bad data.\u201d
\nAnalysts recently pointed out Bitcoin\u2019s recent breakaway from stocks
\nAnalysts even pointed out that while the stock market was \u201ctanking\u201d on April 4 amid tariff uncertainty, Bitcoin didn\u2019t decline as much as expected. During periods of macroeconomic uncertainty, Bitcoin and crypto assets have historically been more volatile than the stock market.
\nRelated: Bitcoin price soars to $83.5K \u2014 Have pro BTC traders turned bullish?
\nOn April 4, Cointelegraph reported that Bitcoin was steady above the $82,000 level, and as US equities markets collapsed, Bitcoin rallied to $84,720, reflecting price action, which is uncharacteristic of the norm.
\nMeanwhile, former BitMEX CEO Arthur Hayes said Bitcoin may be entering what he calls \u201cup only mode,\u201d as a deepening crisis in the US bond market potentially drives investors away from traditional haven assets and toward alternative stores of value.
\nMagazine: Memecoin degeneracy is funding groundbreaking anti-aging researchRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) holders were the first to point out flaws in the United States economic data and position themselves for the potential upside, says crypto entrepreneur Anthony Pompliano.… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127081"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127081"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127081\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127081"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}