How Raoul Pal Built His Crypto Portfolio: BTC, ETH, SOL and 1 Surprise Coin

Real Vision founder Raoul Pal remains bullish on crypto’s long-term trajectory, arguing that improving liquidity could lift Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Sui (CRYPTO: SUI) and other digital assets.

Pal argues Wall Street’s tokenization push and AI adoption strengthen the sector’s underlying growth story.

Bitcoin Awaits Dollar ‘Green Light‘

Crytocurrencies remain "super oversold" relative to the Nasdaq, gold and broader liquidity conditions, leaving room for the market to catch up, Pal said in a CoinTelegraph interview on Oct. 2.

But the key signal for the next leg higher is the U.S. dollar.

"If the dollar starts weakening, then we get a green light for further movement in crypto," according to Pal.

For now, elevated bond yields, a strong dollar and geopolitical uncertainty are limiting liquidity.

AI has captured much of the capital available to risk assets, with crypto tending to rally when the AI trade pauses.

Pal declined to provide a near-term Bitcoin price target but said the widely discussed $1 million Bitcoin thesis is plausible if adoption, ETFs, institutional participation and BTC’s use as collateral continue expanding.

Pal stated he would have "no issue" with Bitcoin reaching that level by around 2032.