A known crypto investor made a bold claim that Dogecoin is the king of all cryptocurrencies, stirring a debate and discussion among members of the cryptocurrency community.
Global Macro Investor founder and CEO Raoul Pal believes that the popular meme coin is capable of becoming “the hardest money ever created,” citing how Dogecoin has outperformed Bitcoin historically.
‘Greatest Chart Of All Time’
Pal asserted the superiority of the prominent meme coin to Bitcoin, saying that its dominance could make it the “hardest” currency ever created.
The top executive’s recent statement made ripples in the crypto community by making a strong argument that Dogecoin is better than the firstborn cryptocurrency, Bitcoin.
One of the most WILD things in all of crypto is that $DOGE has proven to be harder money than $BTC and has outperformed by 550% since launch (10 years!) and looks like it might even to continue to outperform over time!???? What a time to be alive… pic.twitter.com/3EXQFEzPsb
— Raoul Pal (@RaoulGMI) November 24, 2024
In a recent broadcast on his X account, the Global Macro Investor CEO showed the chart of Dogecoin, which he described as super-bullish, branding it as the “greatest chart of all time.”
Pal is known to be a staunch supporter of Dogecoin and previously revealed that the popular meme coin is among his favorite assets. The advisory publication executive has disclosed in previous interviews that he owns a large concentration of Dogecoin in his portfolio.
Join me for Drinks… https://t.co/yl7VSaYeHt
— Raoul Pal (@RaoulGMI) February 11, 2025
Dogecoin Superiority Theory
The former hedge fund manager believes that the meme coin is “the king of all cryptocurrencies”, saying that Dogecoin trumping Bitcoin is a possibility that could happen in the future.
Pal considers the popular token as superior to Bitcoin, rooting his claim on Dogecoin outperforming Bitcoin historically. He further supported his Dogecoin superiority theory by noting that the meme coin has outdone the largest cryptocurrency in terms of market capitalization, outperforming Bitcoin’s by an astounding 500% since it was created.
CEO Foresees Dogecoin Extending Its Gains
Data shows that Pal’s assumption is accurate since the numbers do not lie. Statistics indicate that Dogecoin has outperformed the flagship cryptocurrency since its debut in 2013.
When it was launched, DOGE’s price was $0.00056 per coin but now that price has skyrocketed by 461,407%.
In comparison, during Dogecoin’s launching, the Bitcoin price was pegged at $1,210 per coin. Now, the crypto is being traded at $96,340, a 7,862% increase since then.
On The Verge Of A Breakout
Pal predicted that Dogecoin could potentially experience a breakout, a situation that would further stamp its superiority against Bitcoin.
As of writing, DOGE is being traded at $0.269 per token with a market cap of $39 billion.
Pal argued that once Dogecoin scores a breakout against Bitcoin, it will earn the title of the hardest money in the world, claiming DOGE will become the new standard and dethrone Bitcoin as the cryptocurrency top dog.
Meanwhile, some analysts take the prediction with a grain of salt. They say that Pal’s predictions might be too ambitious, considering the gap in quality between the two digital assets.
Featured image from Gemini Imagen, chart from TradingView
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Christian Encila