Raoul Pal, a former hedge fund manager who retired at the age of 36 and is now the co-founder of Real Vision, a prominent financial media company, has updated his crypto portfolio. In a mail on X today, December 16, Pal revealed his focused investment strategy, highlighting Dogecoin as a key component of his crypto portfolio.
Raoul Pal is still betting big on Dogecoin
“I have a close bet. Here is my watch list. I'm not the best player and I won't be the worst. Outside of this I am just scraping profits to buy NFT's for the long haul,” Pal said in his announcement. The accompanying screenshot detailed his watchlist, which includes a range of cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, SUI, DeepBook Protocol, and Smoking Chicken Fish .
When a user was asked about his thesis for Dogecoin, Pal replied, “It has outperformed BTC by 500% since 2013… and Elon/X.” This statement reinforces his confidence in the long-term potential of Dogecoin, especially because of the relationship with Elon Musk.
Musk has been hinting at integrating Dogecoin into the payoff factor of Xalthough no official confirmation has been made yet. Recent activity and speculation has been fueled by a tweet from Musk featuring a new dollar icon on a user profile, which is different from the current tipping feature on X. This has led to more speculation that Dogecoin could be integrated into the upcoming X Payments service. .
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Previously, Musk had expressed intentions to use Dogecoin for key services on the platform, but the original documents related to X Payments did not include crypto in its initial stage. Nevertheless, Musk's continued public support for Dogecoin and his pro-unification views have kept hopes alive within the Dogecoin community, one of the strongest motivators for DOGE's price.
Another user engaged Pal in a discussion about the future of Dogecoin, saying, “I got 100k DOGE thinking next year when they implemented Department of Government Efficiency it will always be in news circulation and may subconsciously influence the movement of the market. What do you think?” Pal quickly replied, “Just the beginning,” expressing his belief that the Musk-led Department of Regulatory Effectiveness (DOGE) headline will have a major impact on Dogecoin in the coming months. before us
When asked about his investment in the lesser-known altcoin DeepBook Protocol (DEEP), Pal explained, “As Sui's volume scales, so does DEEP. A very simple beta play and it is still a low market cap,” highlighting its strategy to focus on emerging projects with growth potential linked to scalable blockchain solutions.
In addition to his statements on X, Pal recently shared his broader investment philosophy in exchange an interview with Mario Nawfal. He expressed his views on the cyclical nature of the injection of liquidity into markets, driven by the refinancing of government debt every four years. Pal explained:
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“Where are we in the four year cycle? I break them down by seasons each year as a different season (…) Bitcoin usually leads in the spring and summer which is now and then Bitcoin dominance fall and ALT season starts in a couple of months (…) This is just an annual sign as we enter the next fall or Autumn cycle which is usually the most explosive start of the next year .”
Pal further discussed the impact of these cycles on the crypto market, suggesting that the current conditions are setting the stage for an “explosive” period in the coming cycle. He emphasized that the stability of these cycles depends on the continuous injection and withdrawal of liquidity by governments, which he calls “the code of everything.”
In particular, Pal addressed the concept of a possible “super cycle” for the Bitcoin and crypto markets, insisting that such an event is unthinkable if there is no change fundamental in the basic economic structures, especially in terms of global debt and demographics. “I don't see how that will happen, if they don't break this liquidity code cycle,” said Pal.
At press time, DOGE was trading at $0.39447.
Featured image created by DALL.E, a chart from TradingView.com
