Economist Critiques Bitcoin Declares It a Meme Coin Amid Controversy
Economist Peter Schiff, known for criticizing Bitcoin, took to social media to express his disdain after the Trump family launched a series of meme coins. He equated Bitcoin’s status with that of these newer cryptocurrencies, questioning its long-term value. Schiff’s comments have added fuel to an ongoing debate regarding Bitcoin’s legitimacy as a store of value. As the crypto community responds to the critique, many remain staunch supporters of Bitcoin, advocating its potential as digital gold versus speculative meme coins. The dialogue continues as more stakeholders weigh in, reflecting the polarized opinions that exist in the industry.