Source: TradingViewSeveral Wall Street analysts were under the belief that Trump’s imposed tariffs would bolster the US dollar, according to a recent Wall Street Journal report. Pompliano said, “The mainstream finance conversation has become an intellectual boondoggle where most people regurgitate ill-informed takes based on bad data.”Analysts recently pointed out Bitcoin’s recent breakaway from stocksAnalysts even pointed out that while the stock market was “tanking” on April 4 amid tariff uncertainty, Bitcoin didn’t decline as much as expected.
Bitcoin (BTC) holders were the first to point out flaws in the United States economic data and position themselves for the potential upside, says crypto entrepreneur Anthony Pompliano.“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 said in an April 12 X post.
A July 2024 report argued that new approaches are needed to “ensure government statistics remain dependable.”Source: Anthony PomplianoIt comes as ongoing concerns over Trump’s imposed tariffs have led some crypto analysts to reinforce the idea that Bitcoin could outlast the US dollar in the long run.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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