Raoul Pal's allocation is dead simple: $BTC + Nasdaq. That's it.

Want more upside? Swap in L1s. But stop chasing 1000x shitcoins.

99% of degens won't outperform just holding these two. Most people overcomplicate it trying to find the next $100K → $100M gem and end up getting rekt.

Sometimes the alpha is just not being stupid.