Bitcoiners challenge U.S. economic data accuracy amid tariff fears

Crypto entrepreneur Anthony Pompliano has claimed that Bitcoin (CRYPTO:BTC) holders were the first to identify flaws in U.S. economic data, positioning themselves for financial gains by questioning its reliability.

“Bitcoiners were the first large-scale group to recognise the economic data was wrong, and they figured out a way to financially capture upside if they were right,” Pompliano stated, in an April 12 post on X.

Pompliano criticised widespread reliance on government-reported figures, including inflation rates, employment numbers, and GDP statistics.

He argued that many financial analysts misinterpret tariff impacts because they trust flawed data.

“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.

Concerns over data reliability have gained traction recently.

U.S. Treasury Secretary Scott Bessent openly questioned the accuracy of official statistics during a podcast appearance.

"We must listen to the people rather than blindly follow government data reports,” he stated.

Pompliano highlighted this acknowledgment as evidence of systemic issues in economic reporting.

The debate over U.S. economic data comes amid uncertainty surrounding President Donald Trump’s tariff policies.

Analysts initially believed these measures would strengthen the U.S. dollar; however, recent trends show otherwise.

The U.S. dollar index (DXY) dropped 3.19% over five days, sitting at 99.783 as of April 13.

Bitcoin’s performance has diverged from traditional markets during this period of macroeconomic instability.

On April 4, as concerns about tariffs caused U.S. stocks to collapse, Bitcoin surged from $82,000 to $84,720, a move analysts say is unusual

Former BitMEX (CRYPTO:BMEX) CEO Arthur Hayes suggested that Bitcoin might enter an “up only mode” as investors seek alternatives amid concerns over U.S. bond market instability.

At the time of reporting, the Bitcoin (BTC) price was $83,671.61.