This article is available in Spanish.
Raoul Pal, the former hedge fund manager who retired at the age of 36 and is now the co-founder of Real Vision, a leading financial media company, has provided an update on his crypto portfolio. In one after on X today, December 16, Pal unveiled his concentrated investment strategy, highlighting Dogecoin as a central part of his crypto portfolio.
Raoul Pal Stills is betting big on Dogecoin
“I have concentrated bets. This is my watchlist. I won’t be the best artist nor the worst. Besides, I am just scraping profits to buy NFTs for the long term,” Pal said in his announcement. 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 Pal was asked by a user about his thesis for Dogecoin, he replied: “It has outperformed BTC… and Elon/X by 500% since 2013.” This statement underlines his confidence in Dogecoin’s long-term potential, especially because of its connection to Elon Musk.
Musk has hinted at integrating Dogecoin into X’s payments feature, although no official confirmation has been made yet. Recent activity and speculation has been sparked by a tweet from Musk showing a new dollar icon on a user’s profile, which differs from the existing tipping feature on X. This has led to increased speculation that Dogecoin could be integrated into an upcoming X Payments service .
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Previously, Musk had expressed his intention to use Dogecoin for premium services on the platform, but initial documents related to X Payments did not include crypto in the launch phase. Nevertheless, Musk’s continued public support for Dogecoin and his comments in favor of its integration have kept hope alive within the Dogecoin community, one of the strongest catalysts for the DOGE price.
Another user engaged Pal in a discussion about the future of Dogecoin, saying: “I have secured 100,000 DOGE thoughts next year if they implement the Department of Government Efficiency, it will be in the news circulation constantly and may result in unknowingly influencing the market trend. What do you think?” To which Pal succinctly replied, “Just the beginning,” indicating his belief that the Department of Governance Efficiency (DOGE) headline led by Musk will have a significant impact on Dogecoin in the coming months.
When asked about his investment in the lesser-known altcoin DeepBook Protocol (DEEP), Pal explained: “As Sui volumes scale, so will DEEP. Pretty simple beta play and it’s still a low market cap,” highlighting his strategy to focus on emerging projects with growth potential coupled with scalable blockchain solutions.
In addition to his statements about X, Pal recently shared his broader investment philosophy in a interview with Mario Nawfal. He expressed his view on the cyclical nature of the liquidity injection into the 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 divide them by season, every year it is a different season […] Bitcoin usually leads in the spring and summer, which is every now and then when Bitcoin dominance wanes and ALT season starts in a few months […] This is just an annual sign as we enter the next fall or autumn cycle, which is usually the most explosive start to next year.”
Pal further discussed the implications of these cycles on the crypto market, suggesting that current conditions are setting the stage for an “explosive” period in the coming cycle. He emphasized that the survival of these cycles depends on the continued injection and extraction of liquidity by governments, a dynamic he calls the “all code.”
In particular, Pal addressed the concept of a potential “supercycle” for Bitcoin and crypto markets, stating that such an event is unlikely unless there is a fundamental change in the underlying economic structures, especially with regard to global debt and demographics. “I don’t see how that happens unless they break the all-code cycle of liquidity,” Pal noted.
At the time of writing, DOGE was trading at $0.39447.
Featured image created with DALL.E, chart from TradingView.com
