Bitcoin Holders May Have Been Ahead of the Curve Again

According to crypto entrepreneur Anthony Pompliano, Bitcoin investors were the first to identify cracks in the United States' official economic data and act accordingly.

Crypto entrepreneur Anthony Pompliano believes Bitcoin holders may have been ahead of the curve again. In an April 12 post on X, Pompliano claimed that Bitcoin investors were the first to identify cracks in the United States’ official economic data and act accordingly.

“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 stated.

The 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.

He added that mainstream financial analysts trusted inflation readings, jobs reports, GDP measurements, and other critical data points.

“They will tell you that they don't care about the technical analysis of the markets or the macroeconomic trends. They believe the government statistics and use them to guide their investment decisions.”

However, macroeconomic pressures are increasing due to former President Donald Trump’s reintroduced tariffs, and skepticism is mounting.

In a March 20 LinkedIn post, Pompliano also spotlighted a revealing moment during U.S. Treasury Secretary Scott Bessent’s appearance on the All-In podcast. When asked directly whether he trusted the government’s economic data, Bessent answered, “No.”

For Pompliano and many in the crypto community, that was a watershed moment.

“Even the Treasury Secretary has now publicly acknowledged he doesn’t believe the data,” Pompliano wrote. “He says we must listen to the people rather than blindly follow the government data reports.”

Concerns about the accuracy of U.S. economic statistics aren't new. A July 2024 report by the Brookings Institution called for a re-evaluation of how data is collected and presented to ensure it remains trustworthy.

However, recent events have added urgency to the discussion. For instance, despite widespread predictions of a looming recession, the U.S. economy grew at an annual rate of 2.1% in the second quarter of 2024.

Bitcoin Shows Strength As Equities Stumble

Furthermore, Bitcoin continues to behave differently than traditional assets in this environment. On April 4, while U.S. equities stumbled amid tariff-related uncertainty, Bitcoin showed unexpected strength.

The price remained steady above $82,000 and climbed to $84,720, despite broader market weakness. Historically, Bitcoin and crypto assets have shown higher volatility during economic stress.

However, the recent resilience could signal a shifting narrative.

Former BitMEX CEO Arthur Hayes even suggested that Bitcoin may be entering what he calls an "up only mode." He argues that as confidence in traditional financial instruments declines, investors are increasingly turning to decentralized assets like Bitcoin as alternative stores of value.

It’s on like donkey kong. We will be getting more policy response this weekend if this keeps up. We are about to enter UP ONLY mode for $BTC. pic.twitter.com/KL3OSYfiMc

Adding to this sentiment, Bitwise Invest’s Head of Alpha Strategies Jeff Parks stated on April 9 that "there is a higher chance Bitcoin survives over the dollar in our lifetime after today."

His remarks came as the U.S. Dollar Index (DXY) dropped 3.19% over five days, falling to 99.783, according to TradingView.

This sharp decline contradicts predictions from several Wall Street analysts who believed Trump’s tariffs would strengthen the dollar, as reported by the Wall Street Journal.

Pompliano summarized the situation bluntly: "The mainstream finance conversation has become an intellectual boondoggle where most people regurgitate ill-informed takes based on bad data."

As confidence in government-issued economic data wanes even among high-level officials, Bitcoin’s value proposition appears stronger than ever.

For early adopters and long-time holders, this moment could mark a validation of their strategy: skepticism, decentralization, and betting against a broken system.