People in the Bitcoin
$84,741.06
community were among the first to question how reliable US economic figures really are.
According to Anthony Pompliano, founder and CEO of Professional Capital Management, they noticed problems early and found ways to benefit financially if their doubts were correct.
In a post on X shared on April 12, Pompliano said that many in the finance industry continue to rely on official numbers, which he believes are misleading. He argued that this trust in government data is why so many get their analysis wrong, especially when it comes to tariffs introduced under President Donald Trump.
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Pompliano also pointed to inflation rates, job data, and GDP figures as areas where the numbers may not reflect the full picture. He believes more people will eventually see these issues for themselves.
In a March 20 post on LinkedIn, he highlighted comments made by US Treasury Secretary Scott Bessent on the All-In podcast. When asked if he trusted the country’s economic data, Bessent replied, “no”.
Pompliano brought this up to show that even high-level officials have doubts. He added that instead of relying only on reports, people should also pay attention to real-life experiences.
Greg Cipolaro, head of research at New York Digital Investment Group (NYDIG), recently stated that crypto prices remained mostly stable during President Trump’s shifting tariff plans. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
