This article is also available in Spanish.
Raoul Pal, a former hedge fund manager who retired at the age of 36 and now serves as the founder of Real Vision, a prominent financial news company, gave an update on his crypto portfolio. In a post on X today, December 16, Pal revealed his focused investment strategy, highlighting Dogecoin as the main component of his crypto portfolio.
Raoul Pal Stills Bets Big On Dogecoin
“I have been bet a lot. This is my watch list. I won’t be the best player and I won’t be the worst. Apart from this I just look for profits to buy NFTs for the long term,” Pal said in his announcement. The accompanying screenshot details his watch list, which includes a variety of currencies including Bitcoin, Ethereum, Solana, Dogecoin, SUI, DeepBook Protocol, and Smoking Chicken Fish.
When asked by a user about his Dogecoin thesis, Pal replied, “It has outperformed BTC by 500% since 2013… and Elon/X.” This statement emphasizes his confidence in the long-term potential of Dogecoin, especially due to the connection with Elon Musk.
Musk has been hinting at integrating Dogecoin into the X payment feature, although no official confirmation has been made. The latest activity and speculation has been fueled by a tweet from Musk featuring a new dollar icon on the user’s profile, which is different from the existing tipping feature on X. This has led to increased speculation that Dogecoin may be integrated into the upcoming X Payments service. .
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Previously, Musk expressed intentions to use Dogecoin for premium services on the platform, but the first documents related to X Payments did not include the crypto in its launch phase. Nevertheless, Musk’s continued support of the Dogecoin community and his comments in favor of its integration have kept hopes alive within the Dogecoin community, which is one of the strongest factors for DOGE’s price.
Another user joined Pal in a discussion about the future of Dogecoin, saying, “I got 100k DOGE thinking next year when they use the Department of Government Efficiency it will be in the news and it may result in unknowingly influencing the market trend. WHAT DO YOU THINK?” Pal directly replied, “It’s just the beginning,” indicating his belief that the Department of Governance Efficiency (DOGE) title under Musk’s leadership will have a major impact on Dogecoin in the coming months.
When asked about his investment in the little-known altcoin DeepBook Protocol (DEEP), Pal explained, “As Sui volumes scale, so does DEEP. It’s a light beta game and it’s still a low market,” highlighting his strategy to target emerging projects with growth potential associated with blockchain solutions.
In addition to his statements on X, Pal recently shared his investment philosophy in an interview with Mario Nawfal. He expressed his views on the cyclical nature of liquidity in the markets, driven by government debt financing every four years. Pal elaborated:
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“Where are we in this four-year cycle? I divide them into seasons each year as a different season […] Bitcoin tends to lead in the current spring and summer and then the dominance of Bitcoin declines and the ALT season begins in a few months. […] This is an annual sign as we head into the next Fall or Fall cycle which is often the most explosive start to the coming year.”
Pal also discussed the effects of these cycles on the crypto market, suggesting that current conditions set the stage for an “explosive” period in the coming cycle. He emphasized that the persistence of these cycles depends on the continued injection and withdrawal of the economy by the government, variables that he calls “code everything.”
Notably, Pal talked about the concept of a possible “great cycle” of the Bitcoin and crypto markets, stating that such an occurrence is impossible unless there is a fundamental change in the basic economic structures, especially in terms of global debt and demographics. “I don’t see how that happens, unless they break this cycle of the currency code,” Pal commented.
At press time, DOGE traded at $0.39447.
The featured image was created with DALL.E, a chart from TradingView.com
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