Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’

Raoul Pal, the former hedge fund manager who retired at the age of 36 and now serves as the co-founder of Real Vision, a prominent financial media company, has given an update on his crypto portfolio. In a post on X today, December 16, Pal unveiled his concentrated investment strategy, highlighting Dogecoin as a central component of his crypto portfolio. Raoul Pal Stills Bets Big On Dogecoin “I have concentrated bets. This is my watch list. I won’t be the best performer and I won’t be the worst. Outside of this I just scrape profits to buy NFT’s for the long haul,” Pal stated in his announcement. The accompanying screenshot detailed his watch list, which encompasses a range of cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, SUI, DeepBook Protocol, and Smoking Chicken Fish. When queried by a user about his thesis for Dogecoin, Pal responded, “It’s outperformed BTC by 500% since 2013… and Elon/X.” This statement underscores his confidence in Dogecoin’s long-term potential, especially because of the connection to Elon Musk. Musk has been hinting at integrating Dogecoin into the payments feature of X, though no official confirmation has yet been made. Recent activity and speculation have been fueled by a tweet from Musk featuring 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 a forthcoming X Payments service. Related Reading: Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle Previously, Musk had expressed intentions to use Dogecoin for premium services on the platform, but initial documents related to X Payments did not include crypto in its launch phase. Nonetheless, Musk’s continued public support for Dogecoin and his comments favoring its integration have kept hopes alive within the Dogecoin community, one of the strongest catalysts for DOGE price. Another user engaged Pal in a discussion regarding Dogecoin’s future, stating, “I secured 100k DOGE thinking next year when they implement Department of Government Efficiency it will be constantly in the news circulation and may result in subconsciously influencing the market trend. What do you think?” To which Pal succinctly replied, “Just the start,” indicating his belief that the headline for Department of Governance Efficiency (DOGE) under the lead of Musk will have significant impact on Dogecoin in the upcoming months. When asked about his investment in the lesser-known altcoin DeepBook Protocol (DEEP), Pal explained, “As Sui volumes scale, so does DEEP. Pretty simple beta play and it’s still a low market cap,” highlighting his strategy of targeting emerging projects with growth potential tied to scalable blockchain solutions. In addition to his statements on X, Pal recently shared his broader investment philosophy in an interview with Mario Nawfal. He articulated his views on the cyclical nature of liquidity injection into markets, driven by governmental debt refinancing every four years. Pal elaborated: Related Reading: Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline “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 now and then Bitcoin dominance falls and ALT season starts in a couple of months […] This is just an annual sign when we go into the next fall or the Autumn cycle that’s usually the most explosive beginning of 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 upcoming cycle. He emphasized that the persistence of these cycles hinges on the continued injection and withdrawal of liquidity by governments, a dynamic he refers to as the “everything code.” Notably, Pal addressed the concept of a potential “super cycle” for Bitcoin and crypto markets, positing that such an occurrence is improbable unless there is a fundamental change in the underlying economic structures, specifically regarding global debt and demographics. “I don’t see how that happens, unless they break this everything code cycle of liquidity,” Pal remarked. At press time, DOGE traded at $0.39447. Featured image created with DALL.E, chart from TradingView.com

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	58,678,114,882	Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00107	-0.27%	0.40092	0.4009	0.40091

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.40216	0.39563	0.4017	0.40199	0.074194 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:50:50	330.00	0.40092	USD

Price x Volume	Volume	Base Symbol	Related Pairs
13,634,033.71	34,149,270.84	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

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DOGEUSD Dogecoin