Highlights:
- A top crypto boss neglected Bitcoin, highlighting SOL, SUI, and DOGE as probable options in his investment portfolio.
- The investment strategy did not go well with Saylor, as he spotlighted a significant omission in the crypto trading technique.
- Dogecoin soars by over 10% in its 24-hour-to-date variable, hinting at the possibility of an imminent breakout.
Raoul Pal, the Founder and Chief Executive Officer (CEO) at Real Vision Group, attracted MicroStrategy CEO Michael Saylor’s attention after he snubbed Bitcoin (BTC) in his crypto investment strategy. Taking to his verified X handle boasting over one million followers, Pal spotlighted Solana (SOL), Sui (SUI), Dogecoin (DOGE), and two other entities as better investment options ahead of BTC.
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According to the Real Vision Group CEO, SOL stood out among other investment options as the main deal. He tagged SUI, an outperformer gaining adoption, while for memes, the CEO went with DOGE and Smoking Chicken Fish (SCF). Finally, Pal added culture Non-Fungible-Tokens (NFTs) as suitable options for long-term investments.
It is worth noting that the crypto portfolio remains a work in progress. Part of Pal’s tweet read thus: “I won’t have the best bets and not the worst, but I think risk adjusted it’s decent. Memes may change in time.” At the time of press, Pal’s tweet has gone viral, with over 420K views, thousands of likes, and several comments from crypto enthusiasts.
My core crypto bets:
Main game – $SOL
Outperformer gaining adoption – $SUI
Long term investments – Culture NFT's ( still building portfolio)
I won't have the best bets and not the worse but I think risk adjusted it's decent. Memes may change in time.
— Raoul Pal (@RaoulGMI) September 27, 2024
Saylor’s Reacts as Pal Gives More Insights About His Crypto Investment Strategies
As stated earlier, Saylor was among the many Twitter users who found Pal’s tweet interesting. Hence, it forced a comment from the MicroStrategy CEO. In a simple sentence, Saylor remarked, “Bitcoin misses you.” Notably, the MicroStrategy founder statement suggested that Pal paid more attention to other projects, neglecting the number one digital asset.
In response to Saylor’s comment, Pal stated:
“I love BTC, and 1,000% believe in it and its future, but my job is optimal capital allocation at this point in my life, and that means aggressive risk-taking, which is what I do for a living. I’m not as rich as you.”
Countering Pal’s claims on optimal capital allocation and not being as wealthy as Saylor, Luke Broyles, a verified X user with over 30K followers, advised Pal to stick with BTC. According to Luke, Saylor’s net worth is significantly less than Elon Musk’s valuation. However, he has remained consistent with BTC investments.
Reiterating his earlier assertion, Pal noted that his motivation remains to make money while contributing to Web3’s expansion. Meanwhile, a comment berated the Real Vision CEO for advertising altcoins that might amount to nothing in the long run. Reacting to one of such claims, Pal stated that he has been doing fine at what he does.
SOL, SUI, and DOGE’s Market Actions Relative to Bitcoin
At the time of writing, Bitcoin is changing hands at about $66,300, reflecting a 2.3% upswing in the past 24 hours. The flagship cryptocurrency has been on an upward trajectory for the past few days. Therefore, market participants think the token might soon hit $70,000.
On its part, Solana is priced at approximately $161, mirroring a 3.9% upswing in the past 24 hours. Unlike SOL, SUI is down by about 2%, displaying approximately $1.7 as its selling price. Meanwhile, Dogecoin is mirroring a parabolic upswing with a 10.7% appreciation in the past 24 hours. The Elon Musk token is changing hands at roughly $0.1272 as it continues to navigate levels around the $0.2 level.
$DOGE final phase expansion is about to begin for this cycle
What is interesting about this phase is that it is very explosive during its rally. pic.twitter.com/rDgbF04u1f
— Mikybull 🐂Crypto (@MikybullCrypto) September 26, 2024
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