• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Peter Schiff: Bitcoin as a Meme Coin

user avatar

by Giorgi Kostiuk

a year ago

Renowned economist Peter Schiff has stirred debate in the crypto community by comparing Bitcoin to meme coins.

Schiff Criticizes Bitcoin

Peter Schiff continues his critique of Bitcoin, calling it a 'meme coin'. In his recent social media post, he remarked that it was 'funny' to watch crypto enthusiast Anthony Pompliano try to define what a meme coin is during his recent CNBC interview.

Community Reaction

Social media has seen debates over the role of meme coins in the cryptocurrency ecosystem. Conservative Bitcoin proponents distance themselves from this trend, seeing it as potentially harmful to the industry. Schiff argues that there is no actual difference between Bitcoin and popular meme coins.

Gold vs. Bitcoin

Schiff, a vocal Bitcoin critic since 2011, maintains that Bitcoin cannot compete with gold. He states that 'gold is real money,' its value derived from its tangible properties, while Bitcoin is 'fool's gold.'

The debates surrounding Peter Schiff's statements highlight the growing significance of meme coins and the ongoing clash of opinions among Bitcoin supporters and critics.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Cost of Ransomware Attacks Decreases Amid Increased Competition

chest

The cost of launching ransomware attacks has significantly decreased, leading to a surge in attack numbers and increased competition among hackers.

user avatarTando Nkube

Crypto Theft Continues to Rise in 2026 Despite Ransomware Decline

chest

Crypto theft continues to rise in 2026, with $370 million stolen in January alone, primarily through phishing attacks.

user avatarAyman Ben Youssef

Ransomware Attacks Surge in 2025 Despite Decreased Payouts

chest

Ransomware attacks surged by 50% in 2025, with nearly 8,000 incidents, but total ransom payments fell to $820 million, an 8% decrease from 2024 due to tougher regulations and companies refusing to pay.

user avatarSon Min-ho

BarneyXBT Analyzes Factors for Bitcoin's Market Status

chest

Crypto analyst BarneyXBT presents arguments for and against Bitcoin being in a bear market, highlighting large investors selling, an unstable macro climate, and low retail participation, while noting potential recovery signs.

user avatarKofi Adjeman

Ethereum's Derivatives Market Shows Signs of Change

chest

A recent analysis indicates a potential shift in Ethereum's market structure, with signs of buyer dominance emerging in the derivatives market.

user avatarNguyen Van Long

OCC Proposes Measures to Prevent Interest Payment Workarounds in Stablecoins

chest

The OCC has proposed new rules to address potential loopholes in the regulation of stablecoins, particularly concerning interest payments.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.