‘Bitcoin Bulls Expose U.S. Economic Data Flaws’: Anthony Pompliano Sparks Debate

Bitcoin bulls have long been at the forefront of challenging traditional financial narratives. To add to that now, according to crypto entrepreneur Anthony Pompliano, they were also the first to identify critical flaws in U.S. economic data. In an April 12 post on X, Pompliano asserted, “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 Questions U.S. Data Integrity

Pompliano’s remarks come as concerns grow about the accuracy of key U.S. economic data such as inflation rates, employment figures, and GDP statistics. He attributed widespread misinterpretations in financial circles to blind reliance on government-reported 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.

Pompliano’s criticism isn’t the only one of late. Even U.S. Treasury Secretary Scott Bessent recently admitted during an appearance on the All-In podcast that he doesn’t trust official data, stating, “We must listen to the people rather than blindly follow government data reports.” Such revelations have sparked debates over whether systemic issues in data collection and reporting could be influencing major policy decisions and market reactions.

Bitcoin Price Stands Resilient Amid Economic Uncertainty

Pompliano’s comments come at a time when Bitcoin has been diverging from traditional markets. On April 4, while U.S. equities tumbled due to tariff-related fears, Bitcoin rallied from $82,000 to $84,720. This unprecedented growth, according to analysts, cements Bitcoin’s reputation as a hedge against inflation. Former BitMEX CEO Arthur Hayes suggested that Bitcoin might be entering an “up only mode” as investors seek alternatives amid concerns over U.S. bond market instability.

As doubts over economic data reliability grow, Bitcoin bulls’ early recognition of these flaws positions them as visionaries in a shifting financial landscape. Could this be another step toward Bitcoin’s mainstream acceptance? Only time will tell. For now, let’s take a quick look at the latest Bitcoin price action and form a short-term prediction. 

Bitcoin Price Analysis: Shows Promises, $85K Secured!

Bitcoin started trading at a price of $83,330 yesterday, continuing on the downtrend from the previous day. The downtrend continued until Bitcoin eventually found support at $82,760. With the RSI now indicating overbought conditions, an upward trend followed. The trend was supported by a golden cross as the Bitcoin price ascended ot test the $84,100 resistance. The RSI reached the overbought zone and a slight correction followed, but Bitcoin stabilized at $83,500. At 13:40 UTC, thanks to the 11:00 UTC golden cross widening, Bitcoin formed a steep upward channel, going up to $85,340. The market was once again overbought.

Chart 1: published on TradingView, April 13, 2025

Bitcoin faced another downturn. But Bitcoin once again reversed the trend in its favor and started rising. Bitcoin was back near the resistance at $85,850. But the buying pressure lost steam, and Bitcoin dipped, now holding near the $85,350 level. In the coming hours, Bitcoin tested the resistance twice, but could not stage a breakout. As of the latest update, Bitcoin had faced a downturn and had abandoned the support level for a $84,275 support.  

Bitcoin Price Prediction: Will Bitcoin Rise to $87K Today?

Bitcoin has been holding on to its gains since the Black Monday crash. With every ascent, Bitcoin forms a trading range and prevents further downturn. It has continued to do the same in the past 24 hours. However, with the $84,275 support, it seems like Bitcoin would first try to form a range. If an upward breakout occurs, Bitcoin may have a real shot at rubberbanding back to above $86k levels and potentially look at $87,000. If not, we may soon see a new support near $82,000. 

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