Memecoins
Meme Coin Insights: Raoul Pal’s Investment Strategy
Raoul Pal, founder and CEO of Real Vision and Global Macro Investor, spoke about meme coins and their relevance. Pal revealed that his two biggest, equally weighted bets are Whiff and Bonk, and that he’s been invested in those for a while now. He still keeps some Dogemoneta because he believes Elon Musk will probably do something with Doge over time. Other than these, he has no additional investments. He focuses on comparing charts to each other, such as Bonk versus other meme coins.
He admits to having difficulty with the direction of the Bonk and Whiff chart, which is why he avoids super early investments. He doesn’t have time to delve into the pump and dump patterns to determine what might be moving.
As reported by Expert finance, Pal explained that what is happening is speculation: whether cultural memes will become important. Pal doesn’t care as long as everyone knows it’s like betting on raindrops in a window. Pal also sees it as a way to test what might happen.
“Let’s say you can participate in the success of that meme you found, like spotting a band where you go to a pub. This band is amazing, and then they end up becoming Coldplay. It’s the same feeling of discovering something that no one else has discovered and becoming a great thing. This way you can participate financially,” he explained meme culture.
Pal added that there is still value in these things. Dogecoin proved its worth, as it did Shiba Inu. Those two or three will persist and that meme will continue to create further value. While he is uncertain about what will ultimately create value, Pal doesn’t believe everything will go to zero.
Speaking about which ETF might launch next, Pal said, “if the space stays true to form, Dogecoin should be the next ETF.”