BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Economist Peter Schiff Labels Bitcoin as a ‘Meme Coin’

by Sham
January 21, 2025
in CRYPTO, OPINION
Reading Time: 2 mins read
A A
11
SHARES
186
VIEWS
Share on XShare in TelegramShare on Reddit
  • Peter Schiff called Bitcoin a “meme coin,” comparing it to popular joke cryptocurrencies and questioning its value.
  • Schiff argued that Bitcoin lacks the tangible properties of gold, which he deems “real money.”
  • Bitcoin advocates criticized Schiff’s comments, accusing him of using negativity to remain relevant in the crypto debate.

Prominent Bitcoin critic Peter Schiff stirred up controversy by labeling Bitcoin a “meme coin,” sparking debates within the cryptocurrency community. His comments, made in response to a CNBC interview with Anthony Pompliano, compared Bitcoin to popular meme coins, dismissing it as lacking intrinsic value.

NEW: Gold Bug and $BTC hater @PeterSchiff says Bitcoin is a meme coin 😂 pic.twitter.com/MosYCkHgxn

— BlockNews (@blocknewsdotcom) January 21, 2025

Schiff’s Dismissive Take on Bitcoin

Schiff argued that Bitcoin’s similarities to meme coins reveal a “fraudulent nature,” suggesting it has no more substance than other cryptocurrencies often labeled as jokes. He has consistently championed gold as “real money,” dismissing Bitcoin as “fool’s gold” that fails to match the tangible properties that make gold valuable.

Meme Coins’ Growing Influence and Backlash

The rise of meme cryptocurrencies has divided the crypto space, with conservative Bitcoin supporters distancing themselves from the trend. Schiff used this growing phenomenon to reinforce his critique, highlighting what he sees as flaws in Bitcoin’s fundamentals.

Longstanding Critic of Bitcoin

As a vocal detractor since Bitcoin’s early days in 2011, Schiff often faces backlash from Bitcoin advocates who accuse him of leveraging negativity to stay relevant. Despite this, Schiff maintains that his prominence predates Bitcoin, and his arguments continue to fuel heated debates in the financial world.

Tags: BitcoinCNBCCryptocurrenciesMeme CoinPeter Schiff
Tweet3ShareShare
Previous Post

Toncoin Now Sole Cryptocurrency for All Telegram Services

Next Post

Trump’s Memecoin Launch Sparks Massive Surge in Crypto App Downloads: Retail is Coming

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.