Bitcoin critic Peter Schiff has made controversial comments, calling Bitcoin a "meme coin" and claiming there is no difference between Bitcoin and popular meme cryptocurrencies. Schiff has a long history of criticizing Bitcoin and has argued that it cannot compete with gold. He has faced criticism from the Bitcoin community, with some accusing him of trying to stay relevant by constantly mentioning the cryptocurrency in a negative way. Schiff recently stated that he was "popular" even before Bitcoin existed.



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