Gate founder Dr. Han: Meme Coin also has value, even if we don't measure it by the logic of traditional assets.
On January 22, PANews reported that Dr. Han, founder and CEO of Gate, responded to questions about the value of Memecoin and his personal investment decisions during a recent Gate-hosted AMA interview. He stated that he would not purchase Memecoin as an investment, but would trade it on platforms like Gate Alpha and Perp DEX to understand user behavior and market psychology. He believes there is a common misconception in the market: using traditional asset or stock valuation frameworks to evaluate Memecoin and the entire crypto industry. This approach is flawed, just as trying to understand Bitcoin using traditional stock market logic proved ineffective in the early days.
Dr. Han points out that some decentralized applications have already demonstrated unique value in specific scenarios, such as the accuracy of prediction markets in events like the US presidential election, which has even surpassed traditional institutional models at times. He believes that Meme Coin is not inherently "worthless," but rather that its emotional, consensus, and experimental attributes need to be understood from the right perspective, rather than simply applying the value judgment system of traditional assets.
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