‘Bitcoin Is A Meme Coin’ Says Peter Schiff, Critics Clap Back: ‘Goldbugs Are No Different From Bitcoin Maxis’

Prominent Bitcoin (CRYPTO: BTC) critic Peter Schiff reignited debates on the crypto king’s legitimacy by labeling it a meme coin devoid of intrinsic value.

What Happened: Schiff on Tuesday on X responded to Anthony Pompliano‘s explanation of meme coins, stating that there’s little to distinguish Bitcoin from newer meme assets like TRUMP.

“It’s a fine line to walk when explaining a meme coin without exposing the same fraud about Bitcoin,” he added. He stated, “Bitcoin is a meme coin.”

Schiff’s post sparked debate across Crypto Twitter, with some comparing Bitcoin to gold.

Bitcoin podcast host Walker argued, …

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