Bitcoin Advocates Highlight Growing Distrust in U.S. Economic Data
Trust in U.S. economic figures is eroding, with prominent Bitcoin proponents like Anthony Pompliano pointing to discrepancies between official statistics and real-world conditions. A recent 2024 study by the American Statistical Association supports these concerns, citing issues such as revised employment numbers and potentially inflated GDP growth. The critique gains further weight with U.S. Treasury Secretary Scott Bessent’s reported admission of data reliability issues. Meanwhile, new U.S. energy regulations could have implications for Bitcoin mining operations.
Bitcoiners Call Out Discrepancies in US Economic Data
Trust in U.S. economic figures is waning, with Bitcoiners led by Anthony Pompliano criticizing the disconnect between official data and reality. Pompliano highlights issues with revised employment figures and overstated GDP growth, echoing concerns raised in a 2024 study by the American Statistical Association. He relies on the admission of U.S. Treasury Secretary Scott Bessent who expressed distrust in the data.
New US Regulations on Energy Use for Bitcoin Miners and AI Firms
The Clean Cloud Act of 2025, proposed by US senators John Fetterman and Sheldon Whitehouse, aims to set carbon standards for data centers consuming over 100kW, specifically targeting Bitcoin miners and AI firms. Firms exceeding emission limits will face heavy financial penalties, starting at $20 per TON of Carbon dioxide and increasing annually. However, there is a growing push for renewable energy in Bitcoin mining, with 41% already using clean energy and a potential to reach 70% within five years.
Can Strategy Survive a Bitcoin Crash? The Company’s Risky Capital Model Under Scrutiny
MicroStrategy Incorporated, recently renamed as Strategy, is the largest publicly traded corporate owner of Bitcoin, with 528,185 BTC purchased at an average price of $67,458, totaling $35.63 billion. As of April 2025, its Bitcoin holdings are worth approximately $41.3 billion. Bitcoin serves as Strategy’s main treasury reserve asset, with its BTC Yield—a key performance indicator measuring Bitcoin per share—increasing 11% YTD during Q1, aiming for 15% annually until 2027. SEC filings highlight the volatility concerns surrounding the company’s risky capital model, which heavily relies on Bitcoin’s performance.
What’s Pushing Price of Bitcoin Down and Why Is It Struggling?
The price of Bitcoin has been struggling, recently dropping from $105,000 to $75,000. Traders are questioning the cause of this decline. A key factor appears to be miner reserves, which show a clear correlation with Bitcoin’s price. During Q1 2025, miner reserves lowered slightly as the price fell. There was a noticeable spike in miner reserves in early February, but this was followed by a swift decline in March and April. Miners typically sell BTC to cover operational costs such as electricity when prices are falling.
Michael Saylor Hints At New Bitcoin Buy Amid Global Market Chaos
MicroStrategy has resumed its Bitcoin purchases after pausing acquisitions, showing confidence in BTC despite market chaos. On March 31, MicroStrategy bought 22,048 BTC, raising its total holdings to 528,185 BTC. Co-founder Michael Saylor hinted that the firm plans to purchase additional Bitcoin. The company’s decision reinforces its long-term Bitcoin investment approach as it protects value during market turbulence.
