Bitcoin holders were among the earliest to question the integrity of U.S. economic data, positioning themselves to benefit from a potential financial reckoning, says crypto advocate and entrepreneur Anthony Pompliano.
In an April 12 post on X (formerly Twitter), Pompliano asserted,
“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.”
Pompliano’s comments come amid growing skepticism about the accuracy of key U.S. economic indicators such as inflation rates, job reports, and GDP figures — particularly in the wake of renewed tariffs under former President Donald Trump. He added that more market participants will eventually come to realize these data points are “inaccurate.”
In support of his claim, Pompliano referenced U.S. Treasury Secretary Scott Bessent’s appearance on the All-In podcast, where Bessent candidly admitted he doesn’t fully trust the government’s reported data. “He says we must listen to the people rather than blindly follow the government data reports,” Pompliano noted.
The skepticism is not new. A July 2024 report had already called for modernized methodologies to maintain trust in government statistics. But recent volatility in the U.S. dollar has added urgency to the conversation. The dollar index (DXY) has fallen 8.06% since January, currently hovering below 100.
While Wall Street analysts expected Trump’s tariffs to boost the greenback, the opposite has unfolded. In contrast, Bitcoin has shown resilience, briefly rallying to $84,720 on April 4 as U.S. equities dipped.
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Crypto figures like Arthur Hayes have suggested Bitcoin may now be entering “up only mode” amid a weakening bond market and rising demand for alternative stores of value.
As traditional financial narratives face increasing scrutiny, Bitcoiners — once dismissed as fringe voices — may be proving themselves not only right but also early.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
