Bitcoin (BTC) enthusiasts were among the first to identify discrepancies in U.S. economic indicators and to prepare for potential gains, according to crypto entrepreneur Anthony Pompliano.
“Bitcoin fans were the initial significant group to notice that the economic data was flawed, and they devised a strategy to capitalize financially if their assessment proved correct,” Pompliano stated in an April 12 post on X.
Pompliano expects widespread recognition of data inaccuracies
“The unspoken reason many finance professionals make errors in their tariff analyses is their reliance on government data,” he continued.
In light of the ongoing anxiety surrounding U.S. tariffs imposed by President Donald Trump, Pompliano raised doubts about the reliability of U.S. inflation statistics, employment figures, and GDP data. He emphasized that “sooner or later, everyone else will acknowledge that the data is not accurate.”
This follows Pompliano’s March 20 remarks regarding U.S. Treasury Secretary Scott Bessent’s appearance on the All-In podcast, during which Bessent was directly asked if he trusted the statistics and replied, “no.”
“Even the Treasury Secretary has now publicly stated that he does not trust the data. He insists we should heed the people’s voices instead of blindly accepting government reports.”
Concerns regarding the credibility of U.S. economic data have been escalating for some time, with a July 2024 report suggesting that new methodologies are necessary to maintain the reliability of government statistics.
Image Source: Pompliano
As worries over Trump’s tariffs persist, some cryptocurrency analysts are reinforcing the perspective that Bitcoin may eventually outlast the U.S. dollar.
According to Jeff Parks, head of alpha strategies at Bitwise Invest, on April 9, there is an “increased likelihood that Bitcoin will survive more than the dollar during our lifetimes.”
In the last five days, the U.S. dollar index (DXY) has experienced a decline of 3.19%, currently sitting at 99.783 at the time of this report, as per data from TradingView.
The U.S. dollar index has dropped 8.06% since the start of 2025. Source: TradingView
Recently, numerous Wall Street analysts believed that Trump’s tariffs would strengthen the U.S. dollar, as reported by a recent article in a financial publication.
Pompliano remarked, “The mainstream finance discussion has devolved into an intellectual quagmire where many just echo poorly-informed opinions based on flawed data.”
Recent analysis highlights Bitcoin’s divergence from equities
In recent assessments, analysts noted that while the stock market was “plummeting” on April 4 due to tariff concerns, Bitcoin’s decline was less severe than anticipated. Historically, Bitcoin and other crypto assets tend to be more volatile than stocks during times of economic uncertainty.
Related: Bitcoin rallies to $83.5K – Are professional BTC traders feeling optimistic?
On April 4, it was reported that Bitcoin remained above the $82,000 mark, and amidst the decline of U.S. equities, Bitcoin surged to $84,720, showcasing price behavior that is atypical.
Simultaneously, former BitMEX CEO Arthur Hayes suggested that Bitcoin might be entering what he describes as “up only mode,” as a deepening crisis in the U.S. bond market may lead investors to move away from traditional safe-haven assets towards alternative stores of value.
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