Raoul Pal, a former hedge fund manager who retired at 36 and is now a co-founder of Real Vision, a prominent financial media company, has updated his cryptocurrency portfolio. In a post on X today, December 16, Pal revealed his focused investment strategy, highlighting Dogecoin as a central component of his cryptocurrency portfolio.
Raoul Pal Still Places Big Bets on Dogecoin
"I have focused my bets. This is my watchlist. I won't be the best player nor the worst. Additionally, I only make profits to buy NFTs for the long term," Pal stated in his announcement. The accompanying screenshot detailed his watchlist, including a range of cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, SUI, DeepBook Protocol, and Smoking Chicken Fish.
When asked by a user about his thesis for Dogecoin, Pal replied, "It has outperformed BTC by 500% since 2013… and Elon/X." This statement highlighted his confidence in the long-term potential of Dogecoin, particularly due to its association with Elon Musk.
Musk hinted at integrating Dogecoin into X's payment feature, although no official confirmation has been made yet. Recent activity and speculation have been fueled by a tweet from Musk featuring a new dollar symbol on the user profile, different from the existing tipping feature on X. This has led to increasing speculation that Dogecoin may be integrated into the upcoming X Payments service.
Previously, Musk had expressed his intention to use Dogecoin for premium services on this platform, but the initial documents related to X Payments did not include cryptocurrency in the launch phase. However, Musk's ongoing public support for Dogecoin and his supportive comments regarding its integration have kept hope alive in the Dogecoin community, one of the strongest catalysts for the price of DOGE.
Another user engaged with Pal about the future of Dogecoin, to which he said, "I secured 100,000 DOGE thinking that next year when they implement the Governance Efficiency Act, it will continuously appear in the press and may lead to subconscious influence on market trends. What do you think?" Pal succinctly replied, "Just the beginning," indicating his belief that the title for the Governance Efficiency Act (DOGE) under Musk's leadership will significantly impact Dogecoin in the coming months.
When asked about his investment in the lesser-known altcoin DeepBook Protocol (DEEP), Pal explained, "As the trading volume of Sui increases, DEEP does too. The beta version is quite simple, and the market cap remains low," emphasizing a strategy targeting emerging projects with growth potential linked to scalable blockchain solutions.
In addition to his statements about X, Pal recently shared his broader investment philosophy in an interview with Mario Nawfal. He articulated his view on the cyclical nature of liquidity injections into the market, driven by the government's debt refinancing every four years. Pal further explained:
"Where are we in the four-year cycle? I break them down by seasons, each year being a different season […] Bitcoin usually leads into spring and summer, occasionally the dominance of Bitcoin decreases and the ALT season begins after a few months […] This is just an annual sign as we enter the next autumn season or autumn cycle, typically the most explosive time of the following year."
Pal continued to discuss the impacts of these cycles on the cryptocurrency market, arguing that current conditions are setting the stage for a "boom" phase in the upcoming cycle. He emphasized that the existence of these cycles depends on the continued pumping and withdrawing of liquidity by governments, a dynamic he referred to as "the code of everything."
Notably, Pal mentioned the concept of a potential "super cycle" for the Bitcoin and cryptocurrency market, hypothesizing that such an event would not occur unless there were fundamental changes in the underlying economic structures, particularly regarding global debt and demographics. "I don't see how that happens unless they break this liquidity encoding cycle," Pal remarked.
At the time of the press release, DOGE was trading at $0.39447.
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