You think you’re in the know, but let me tell you, Bitcoiners were the first to call out the US economic data for what it is, a bunch of hooey.
Anthony Pompliano just spilled the beans on how Bitcoin enthusiasts figured out a way to profit from their skepticism.
They were the first large-scale group to say, hey, something’s fishy here, and they made bank on it.
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.
They think inflation readings, jobs reports, GDP measurements, and other critical data points are accurate.
They will tell…
— Anthony Pompliano 🌪 (@APompliano) April 12, 2025
Everything we’ve been told is a lie?
Now, Pompliano’s predicting that more people will wake up to the fact that US economic data is a mess.
He’s talking about inflation figures, job numbers, and GDP stats, basically, everything you thought you knew about the economy.
And let’s not forget, even the Treasury Secretary, Scott Bessent, has publicly admitted he doesn’t trust the data.
That’s right, the guy in charge of the Treasury doesn’t believe the numbers.
According to the plan?
Concerns about the reliability of US economic data have been simmering for a while.
A relatively new report suggested that new approaches are needed to keep government statistics honest.
On the other hand, Trump’s tariffs have everyone on edge, and some crypto analysts are saying Bitcoin might outlast the US dollar in the long run.
Jeff Parks from Bitwise Invest thinks there’s a higher chance Bitcoin will survive than the dollar.
And what’s happening with the dollar? It’s taking a hit. Over the past five days, the US dollar index has dropped by 3.19%.
That’s not exactly what Wall Street analysts predicted when Trump imposed those tariffs.
They thought the dollar would get a boost, but nope. Instead, Bitcoin’s been doing its own thing, breaking away from stocks during times of uncertainty.
On April 4, while the stock market was tanking, Bitcoin rallied to $84,000. That’s likely not normal, guys.
What’s next?
Former BitMEX CEO Arthur Hayes thinks Bitcoin might be entering up only mode as investors ditch traditional safe havens for alternative assets.
So, what’s the takeaway? The mainstream finance conversation is a mess, with people spouting off about bad data.
It’s time to wake up and smell the coffee. Bitcoiners knew the truth first, and now it’s time for everyone else to catch up. The dollar’s dirty little secret is out, and it’s not looking good.
Have you read it yet? EU regulator says cryptocurrencies aren’t a threat
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