U.S. economist blasts Bitcoin ‘a meme coin’
The prominent economist and Bitcoin (BTC) skeptic, Peter Schiff, was quick to take to social media after the Trump family launched a series of meme coins to proclaim the world’s premier cryptocurrency no better than them. Remember, Bitcoin is a meme coin. — Peter Schiff (@PeterSchiff) January 21, 2025 The inciting incident and major source of inspiration, as Schiff himself explained in an X post, was Anthony Pompliano’s appearance on CNBC , in which the finance manager seemingly struggled to explain what meme coins actually are. Based on the interview, the economist and gold bull concluded that a major reason for what appeared like dancing around the question is that Bitcoin is, itself, ‘a meme coin.’ Picks for you Crunch joins Cohort 2 of the Solana Incubator program 2 hours ago ...