Former Hedge Fund Expert Places Big Bet on Dogecoin as 'Core Digital Currency Bet'

Raoul Pal, a former hedge fund manager who retired at the age of 36 and is now a co-founder of Real Vision, a well-known financial media company, has updated his cryptocurrency investment portfolio. In a post on X today, December 16, Pal revealed his focused investment strategy, highlighting Dogecoin as a central component in his cryptocurrency investment portfolio. Raoul Pal Still Bets Big on Dogecoin "I have focused on betting. This is my watchlist. I won't be the best player, nor the worst. Besides, I only make profits to buy NFTs for long-term purposes," Pal declared in his announcement. A screenshot accompanying details his watchlist, including a range of cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, SUI, DeepBook Protocol, and Smoking Chicken Fish. When asked about his thesis for Dogecoin, Pal replied, "It has outperformed BTC by 500% since 2013... and Elon/X." This statement highlights his confidence in the long-term potential of Dogecoin, especially due to its association with Elon Musk. Musk has hinted at integrating Dogecoin into the payment feature of X, although there has been no official confirmation. Recent activities and speculations have been fueled by a tweet from Musk with a new dollar sign icon on the user profile, different from the current fiat feature on X. This has led to increasing speculation that Dogecoin may be integrated into the upcoming X Payments service. Previously, Musk expressed his intention to use Dogecoin for premium services on this platform, but initial X Payments documents did not include cryptocurrency at launch. However, Musk's continuous public support for Dogecoin and his comments in support of integration have maintained hope in the Dogecoin community, one of the strongest catalysts for DOGE price. Another user has joined the discussion with Pal about the future of Dogecoin, he said, "I secured 100,000 DOGE thinking that after they implement the Government Efficiency Initiative, it will consistently appear in the media and may have a subconscious impact on market trends. What do you think?" Pal replied succinctly, "Just the beginning," showing his belief that the headline for the Government Efficiency Initiative (DOGE) under Musk's leadership 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, 'When Sui's trading volume increases, DEEP does too. The beta version is quite simple and the market cap is still low,' emphasizing a strategy targeting promising emerging projects 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 has clearly stated his views on the nature of the liquidity injection cycle into the market, driven by the government's debt refinancing every four years. Pal further explains: “Where are we in the four-year cycle? I break them down by season, every year is a different season [...] Bitcoin usually leads in the spring and summer, occasionally its dominance decreases and the ALT season begins after a few months [...] This is just an annual sign as we enter the next fall season or cycle, which is usually the most explosive time of the following year.” Pal continues to discuss the impacts of these cycles on the cryptocurrency market, suggesting that current conditions are setting the stage for an upcoming "boom" in the next cycle. He emphasizes that the existence of these cycles depends on the continued injection and withdrawal of liquidity by governments, a driving force he calls the "code of everything". It is worth noting that Pal has mentioned the concept of a "super cycle" potential for the Bitcoin and cryptocurrency market, hypothesizing that such an event is unlikely to occur unless there is a fundamental change in the underlying economic structures, specifically related to global debt and demographics. "I don't see how that happens unless they break this liquidity cycle," Pal remarked. At the time of reporting, DOGE was trading at $0.39447. Please provide the text to be translated. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)