Opinion: Bitcoin holders are the first to see the problem with US economic data
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Odaily Planet News Crypto entrepreneur Anthony Pompliano stated that Bitcoin holders are one of the first large groups to recognize the "problematic" nature of U.S. economic data and seize financial opportunities through holding coins. In his X post on April 12, Pompliano pointed out that most financial professionals incorrectly analyze tariff issues because "they still believe in government data", while Bitcoin holders early on realized that inflation, employment, and GDP data are inaccurate. He also cited U.S. Treasury Secretary Scott Bessent's previous podcast statement of "not believing official data", arguing that one should "listen to people's voices rather than blindly trusting reports". Recently, the U.S. dollar index has significantly dropped, while the crypto market has performed relatively strongly. Bitwise's Chief Strategy Officer Jeff Parks even claimed that "in our lifetime, Bitcoin's chances of survival are higher than the U.S. dollar". Additionally, Pompliano criticized mainstream financial circles for "repeatedly spreading false views based on incorrect data" and believes that under current macroeconomic uncertainty, Bitcoin has shown characteristics of "breaking away from traditional market logic". (Cointelegraph)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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