Bitcoin Gains Ground as Trust in U.S. Economic Data Fades
While traditional investors continue relying on government-released data, a different crowd has already moved ahead—Bitcoin holders.
According to crypto entrepreneur Anthony Pompliano, this community didn’t wait for official confirmation that something was off in the economy—they saw the signs early and took action.
Pompliano argues that many financial professionals are still misled because they’re treating flawed statistics as gospel. Inflation, GDP, employment—he believes the numbers don’t reflect reality. And he’s not alone. Even U.S. Treasury Secretary Scott Bessent has publicly questioned the reliability of the data, recently stating in a podcast appearance that people’s real-life experiences may be more trustworthy than what’s printed in official reports.
This erosion of trust in government figures comes as economic pressure mounts, particularly in light of tariff policies that have rattled markets. As confidence in the U.S. dollar falters, Bitcoin’s appeal as an alternative asset has gained traction. Bitwise executive Jeff Parks even suggested that the digital currency might outlast the dollar within our lifetime—especially given recent dollar weakness.
READ MORE: Is Bitcoin Quietly Positioning Itself to Replace the U.S. Dollar?
The U.S. Dollar Index has taken a sharp dip since the start of 2025, while Wall Street analysts who once believed tariffs would strengthen the greenback are now facing the opposite scenario. Pompliano didn’t hold back, criticizing mainstream financial commentary as disconnected from reality and too reliant on flawed models.
Adding to the intrigue, Bitcoin’s performance in early April defied its usual volatility patterns. As equities slumped amid macro uncertainty, Bitcoin surged—climbing past $84,000 while the broader market struggled. Analysts noted this divergence, calling it a potential signal of shifting investor behavior.
Former BitMEX CEO Arthur Hayes chimed in with his own take, suggesting Bitcoin might be heading into a sustained upward phase, especially as traditional safe havens like bonds lose their shine. With economic confidence wobbling and alternative assets gaining ground, a major narrative shift may already be underway.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
