TRUMP token volatility not problematic as regulators ‘blessed gamification of markets,’ Bitwise says
A Bitwise executive views the TRUMP coin as a bet on cultural capital and volatility, demonstrating how meme coins thrive beyond financial metrics.
The hype around meme pieces like Official Trump (ASSET) has sparked much debate, but Jeff Park of Bitwise Asset Management believes it’s not just about financial gains. The head of alpha strategies at Bitwise says that while these tokens may seem like a zero-sum game, they offer more than just financial rewards.
In an X post On Monday, January 20, Park compared trading these chips to poker, where the real value lies in acquiring “social capital” and mastering strategies, not just the price of the coin. Park emphasizes that trading TRUMP is about mastering technical strategies, not just focusing on the performance of the token itself.
“If you think video games are all about financial goals, you don’t understand why people play them. […] To win at this game, you must master Elliot Waves, the Wyckoff Method, the Kelly Criterion while realizing that it is inevitable that TRUMP will peak again.
Jeff Park
Some worry that meme coins could harm crypto’s reputation, but Bitwise’s Jeff Park doesn’t see it that way. He points out that regulators have already “blessed the gamification of markets” and that wild volatility, like what the industry experienced with Trump’s tokens, is not new.
For Park, the real takeaway isn’t whether TRUMP succeeds or fails, but rather the lessons traders learn along the way. He views memecoins as an “opportunity” to hone skills, combat market risks, and find unique ways to thrive in volatile environments.
The same coin, which the president-elect Donald Trump launched as a tribute to itself, has quickly gained traction in the digital asset space, with trading volumes increasing on major platforms like Binance and OKX, where it is listed. Like crypto.news earlier reportedreviews argue that TRUMP represents a potential conflict of interest, especially as Trump is about to be sworn in as commander in chief of the United States
Stephen Findeisen, also known as crypto detective Coffeezilla on YouTube, called the launch »historic in its stupidity.” Anthony Scaramucci, a Bitcoin bull who briefly worked for Trump and now runs investment firm SkyBridge Capital, warned his million followers on X not to “have any illusions” about the coin’s official launch Trump.
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