Nah, it will never become a threat to BTC. A memecoin will always be a memecoin, no matter what. Any memecoin that is made, or will be made, by Trump will pump hard but will also go down again once the hype is over. That’s the cycle of memecoins. Even if he makes a coin with utility, we still can’t say it will become a threat, even if it becomes widely accepted, simply because btc is btc.
A coin with utility won't bear the name of "Meme". I don't know how this idea came across his mind because like you said btc is btc and meme shitcoins are shitcoins. But I can understand some of his frustrations as he sees Trump star shining as a big influencer politicians who seems to be changing the world order to a completely unexpected orientation. He might fear the status of bitcoin because of his ignorance about the nature of each project.
I would like to reassure op that that Trump Coin is far to be in comparison with bitcoin. Bitcoin is fully decentralized protocol while Trump shitcoin is a bump and dump coin. Most likely a scam project.
