Raoul Pal Makes the Case for Dogecoin Dominance, Asserting That the Meme Coin Could Become “the Hardest Money Ever Created”

Pal made the attention-grabbing statement in a recent broadcast, making a case for Dogecoin’s dominance. The Global Macro Investor founder and CEO insisted that the prominent meme coin’s chart is super-bullish and branded it the “greatest chart of all time.”

Cryptocurrency influencer and former hedge fund manager Raoul Pal has made a bold statement, asserting that Dogecoin (CRYPTO: DOGE) could become “the hardest money ever created.”

Pal, who is known for his enthusiasm for the meme coin, made the statement during a recent broadcast, where he presented his case for Dogecoin's primacy.

“I think the chart of all charts, the greatest chart of all time, is Dogecoin,” Pal stated. “I think it's the king of all crypto. I think it will destroy Bitcoin in the future.”

The Global Macro Investor founder and CEO pointed out that Dogecoin has outperformed Bitcoin by an impressive 500% since its inception.

“It's outperformed the number one crypto out there by market cap, and it's outperformed it by 500% since inception, and I think it will continue to do so,” he added.

Data confirms that Dogecoin has outperformed Bitcoin since both cryptocurrencies' market debut in December 2013.

The meme coin, which launched at $0.00056, has surged 461,407% to reach its current price of $0.078.

Meanwhile, Bitcoin's price at the time Dogecoin launched was around $1,210. With its current valuation of $96,340, the premier asset has increased by 7,862%.

Pal's statement is based on the premise that Dogecoin's historical outperformance will continue, leading it to become the hardest money in the galaxy.

“If it breaks out versus Bitcoin, it will become the hardest money on the galaxy,” Pal said. “I think that's the way to think about it.”

He speculated that Dogecoin could become the new standard, dethroning Bitcoin as the cryptocurrency leader.

“I think that's how you have to look at this chart, and I think that's what will happen,” he added.

However, it's crucial to note that these bold predictions are largely subjective and should be taken with a grain of salt.

Bitcoin has grown to become a global asset, spurred by its limited cap and historical price performance.

While Dogecoin has also been rewarding, its meme coin origin and unlimited supply raise concerns over the feasibility of Pal's assertions.