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Raoul Pal, the former hedge fund manager who retired at the age of 36 and is now co-founder of Real Vision, a prominent financial media company, has provided an update on his cryptocurrency portfolio. in a <a target="_blank" href="https://x.com/RaoulGMI/status/1868443942834028845″ target=”_blank” rel=”nofollow”>mail On x-Day today, December 16, Pal unveiled its concentrated investment strategy, highlighting Dogecoin as a core component of its cryptocurrency portfolio.
Raoul Pal Stills bets big on Dogecoin
“I have concentrated bets. This is my watch list. I will not be the best performer nor the worst. Apart from this, I simply make profits to buy nfts in the long term,” Pal stated in his announcement. The attached screenshot details their watchlist, which covers a variety of cryptocurrencies including 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 underlines his confidence in Dogecoin's long-term potential, especially because of its connection to Elon Musk.
Musk has been hinting at integrating Dogecoin into x's payments feature, although no official confirmation has been made yet. Recent activity and speculation has been fueled by a tweet from Musk introducing a new dollar icon on a user's profile, which differs from the existing tip feature on x. This has led to further speculation that Dogecoin could integrate into an upcoming x Payments service. .
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Musk had previously expressed intentions to use Dogecoin for premium services on the platform, but the initial documents related to x Payments did not include cryptocurrencies in its launch phase. However, Musk's continued public support for Dogecoin and his comments in favor of its integration have kept hopes alive within the Dogecoin community, one of the strongest catalysts for the price of DOGE.
Another user engaged Pal in a discussion about the future of Dogecoin and stated: “I got 100,000 DOGE thinking that next year when they implement the Department of Government Efficiency, it will be constantly in the news circulation and may result in an unconscious influence on the market trend. What do you think?” To which Pal succinctly responded, “Just the beginning,” indicating his belief that the head of the Department of Governance Efficiency (DOGE) under 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 increase, so does DEEP. Fairly simple beta game and still has a low market capitalization”, highlighting its strategy of 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 a interview with Mario Nawfal. He presented his views on the cyclical nature of the injection of liquidity into the markets, driven by the refinancing of government debt every four years. Pal elaborated:
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“Where are we in the four-year cycle? I break them down by seasons each year, being a different season (…) bitcoin usually leads in spring and summer, which is every now and then bitcoin dominance drops and ALT season starts in a couple of months (…) This is just an annual sign when “Move into the next fall or fall cycle, which is usually the most explosive start to the next year.”
Pal further analyzed the implications 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 the continuous injection and withdrawal of liquidity by governments, a dynamic he refers to as the “code of everything.”
In particular, Pal addressed the concept of a potential “super cycle” for bitcoin and cryptocurrency markets, positing that such an occurrence is unlikely unless there is a fundamental change in underlying economic structures, specifically as it relates to global debt. and demographics. “I don't see how that will happen unless they break this liquidity cycle,” Pal said.
At press time, DOGE was trading at $0.39447.
Featured image created with DALL.E, chart from TradingView.com
