Schiff Slams Trump Meme Coins as 'Legal Bribes'

Financial analyst and anti-crypto activist Peter Schiff has criticized Donald Trump's memecoins, calling them 'legal bribes'. According to Schiff, most buyers of these coins are sitting on losses.

The value of Bitcoin (BTC) is currently $62,145.27 with a percentage change of 0.94% in the last day. Ethereum (ETH) is valued at $1,745.45 with a 2.77% increase over the same period.

Schiff's comments come as some investors continue to hold onto their memecoins despite significant losses. The coins were created as a way to poke fun at Trump and his supporters, but they have taken on a life of their own in the cryptocurrency market.