Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’
Raoul Pal, a former hedge fund manager who retired at the age of 36 and is now the co-founder of Real Vision, a well-known financial media company, has updated his cryptocurrency portfolio. in a postal Today, December 16, Pal unveiled his focused investment strategy on X, highlighting Dogecoin as a core component of his cryptocurrency portfolio.
Raoul Pal Stills Bet Big on Dogecoin
“My bets are focused. This is my watch list. I’m not going to be the best performer, I’m not going to be the worst performer. Other than that, I’m just making profits to buy NFTs long-term.” Pal said in a statement. The accompanying screenshot details his watchlist, which includes a range of cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, SUI, DeepBook Protocol, and Smoking Chicken Fish.
When a user asked about his thesis on Dogecoin, Pal responded: “It has outperformed BTC by 500% since 2013…and Elon/X.” This statement underscores his commitment to Dogecoin Confidence in Dogecoin’s long-term potential, especially because of the connection to Elon Musk.
Musk has been hinting at integrating Dogecoin into X’s payment functionbut it has not yet been officially confirmed. The recent activity and speculation was fueled by a tweet from Musk that showed a new dollar icon on user profiles, unlike the existing tipping feature on the X. This has led to growing speculation that Dogecoin may be integrated into the upcoming X payment service.
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Musk has previously expressed interest in using Dogecoin to provide premium services on the platform, but the initial documents related to X Payments did not include the cryptocurrency in its launch phase. Nonetheless, Musk’s continued public support for Dogecoin and his comments in favor of Dogecoin integration have kept the Dogecoin community hopeful, which has been one of the strongest catalysts for Dogecoin price.
Another user discussed the future of Dogecoin with Pal, saying: “I got the idea of 100k DOGE next year when they implement it Ministry of Government Efficiency It appears constantly in news circulation and may subconsciously influence market movements. What do you think? “This is just the beginning,” Pal replied succinctly, indicating his belief that the headlines from Musk’s Department of Governance Efficiency (DOGE) will have a significant impact on Dogecoin in the coming months.
When asked about his investment in the little-known altcoin DeepBook Protocol (DEEP), Pal explained: “As Sui scales, so does DEEP. Very simple beta and still has a low market cap ,” underlining his strategy for emerging projects with growth potential associated with scalable blockchain solutions.
In addition to his statement about X, Pal recently shared his broader investment philosophy in a forum interview With Mario Nofal. He laid out his view on the cyclical nature of market liquidity injections driven by government debt refinancing every four years. Pal elaborated:
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“Where are we in the four-year cycle? I break them down by different seasons each year (…) Bitcoin usually leads in the spring and summer, and sometimes that happens Bitcoin Dominance The fall and ALT seasons will begin in a few months (…) This is just the annual sign as we move into the next fall or fall cycle, usually the most explosive start to the next year. “
Pal further discussed the impact of these cycles on the cryptocurrency market, suggesting that current conditions are setting the stage for an “explosive” period in the next cycle. He emphasized that the persistence of these cycles depends on governments continuing to inject and withdraw liquidity, a dynamic he calls “the code for everything.”
Notably, Pal talked about the concept of a potential “supercycle” in the Bitcoin and cryptocurrency markets, arguing that this is unlikely to occur unless there are fundamental changes in the underlying economic structure, especially global debt and demographics. . “I don’t know how this happened, unless they broke all the code loops for liquidity,” Parr commented.
At press time, DOGE was trading at $0.39447.
Featured image created using DALL.E, chart from TradingView.com