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 coins like Official Trump (TRUMP) has sparked plenty of debate, but Jeff Park from Bitwise Asset Management thinks there’s more to them than just financial gains. The head of alpha strategies at Bitwise, argues that while these tokens may seem like a zero-sum game, they offer more than just financial rewards.

In an X post on Monday, Jan. 20, Park compared trading these tokens to poker, where the real value is in gaining “social capital” and mastering strategies, not just looking at the coin’s price. Park emphasizes that trading TRUMP is about mastering technical strategies, not just focusing on the performance of the token itself.

“If you think games are only about financial goals, you’ve missed the point of why people play them. […] To win in this game, you must master Elliot waves, Wyckoff method, Kelly criterion while realizing it is inevitable TRUMP will peak once more.”

Jeff Park

Some worry that meme coins might hurt crypto’s reputation, but Jeff Park from Bitwise 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 has seen with Trump’s tokens, is nothing new.

For Park, the real takeaway isn’t whether TRUMP succeeds or fails — it’s about the lessons traders learn along the way. He sees meme coins as an “opportunity” to sharpen skills, tackle market risks, and find unique ways to thrive in volatile environments.

The meme coin, which President-elect Donald Trump launched as an homage to himself, has quickly gained traction in the digital asset space, with trading volumes surging on major platforms like Binance and OKX, where it is listed. As crypto.news earlier reported, critics argue that TRUMP represents a potential conflict of interest, particularly as Trump is about to be sworn in as commander-in-chief of the U.S.

Stephen Findeisen, also known as the crypto sleuth Coffeezilla on YouTube, called the launch “historic in its stupidity.” Anthony Scaramucci, a Bitcoin bull who briefly worked for Trump and now runs the investment firm SkyBridge Capital, warned his one million followers on X not to “delude” themselves about the Official Trump meme coin launch.