assalamu alaikum everyone I hope you are doing well so I woke up today I checked my phone and it said bitdeer misses earnings by two hundred and sixty percent and I'm like I'm sure it's gonna be fine because markets are forward-looking they aren't uh they don't operate based on what they see in the rear view mirror they operate based on what they see in the windshield and The quarter that Bitdeer was reporting was a quarter where Bitcoin's price was around sixty thousand. We have not yet seen the results for Bitcoin miners in an environment where Bitcoin is at the ninety thousand price point that it is right now. And so indeed, Bitdeer did open very weak. It was down at one point twenty percent and then it ended up closing the day up close to seven percent. So that just tells you the level of optimism for Bitcoin miners, where you can actually miss earnings in a big way and still be up by the end of the day. Now, this is not the case for all Bitcoin miners. It depends on the prospects. So if you look at BitDigital, they reported earnings. They're down six percent. So It really depends on how these Bitcoin miners are positioning themselves for the future. And I really think Bitdeer is doing an excellent job. And it has been punished because it's based in Singapore. It has a Chinese CEO. I think it's been punished in valuation because of those things. This is basically the first earnings call that they have. And so the lack of familiarity, sort of home bias that investors have caused it to sport a valuation that is lower on average than other Bitcoin miners, especially if you're looking at things like price to sales ratios. And so I think that it may catch up in the near future with the rest of the pack in terms of valuation, which means a lot more upside for Bitcoin. this Bitcoin miner. Now, if we look at other indices, Dow Jones was down a bit, NASDAQ up point seven one percent, S&P up point three nine percent. Now, very importantly, the dollar index, which has been on the minds of many investors, the dollar is a bit stronger than we want it to be, the dollar index was down close to half a percentage point. And we really want to see the dollar index falling in order for more money to flow towards cryptos and stocks. Typically when the dollar is strong, more money flows into money market instruments and away from risk assets. So that's kind of the wild card here in the market, the strength of the dollar. Other than that, everything is really pointing upwards. The VIX is down three and a half percent. Tesla had a monster day today. It started off, it was closer to up ten percent. We were at the three hundred fifty range. We pulled back a little from today's highs, but there's a lot more where that came from. We're up five point six two percent. NVIDIA reports earnings this week. I think that's probably the biggest event in the market this week. So we'll be following closely on that. If I had to guess, I think it will be decent earnings, and if anything, it will give more fuel to the market's rally. Hymns recovered nicely, alhamdulillah, and I've been proven right on hymns many, many times, and I hope it's useful to everyone who is following Hymns. uh piedmont uh actually uh did well today the few and far between are the days when piedmont does well but we'll take it up five percent and uh really we had a a pretty solid day today for pif portfolios now bitcoin is at ninety thousand uh seven hundred so many tailwinds for bitcoin right now I mean everywhere you look just positive news after positive news we'll go over some of those news events. Bernstein actually came out with a note today saying, you know, buy Bitcoin while you still can and I definitely see the logic in that. Doge is up. It's still at thirty seven cents. I was hoping we'd get a dip here. I'm still hoping that we get a dip here on Doge. And Solana is at two forty. Solana has was by far the the star of the markets over the weekend. Uh, so, um, let's go over some of the, uh, details, by the way, I just wanna say a quick welcome to everyone who has joined our community. Uh, recently, um, fed says everyone just joined the best community looking forward to learn and earn. We're so glad to have you fed and everyone else who has joined just as a reminder, thirty five percent off for a limited time. We're running this promotion. until the number of uses on the coupon reaches our very lofty target, to be honest. But once it reaches that, the coupon will expire. So make sure to use it if you're interested in becoming a PIF member. So Tesla stock popped today after reports Elon Musk was hanging out with Trump over the weekend at the fights. But there was a report that Trump wanted to relax U.S. self-driving rules, which is very bullish for Tesla. I'm being completely honest, considering that they have an offer right now, zero interest rates, and perhaps a full self-driving, unsupervised full self-driving as early as next year in Texas and California. I was actually thinking about maybe buying another vehicle. And I think that this is going to really play out for a lot of other people with regards to their decisions to buy Tesla vehicles. They're going to be thinking about the EV credits that may go away at the end of the year. And they're going to be right now sitting at seventy five hundred per vehicle. And they're going to look at that zero interest rate on on a car. And the fact that full self-driving, unsupervised full self-driving may be coming as early as next year in locations like California and Texas. So I really think that Tesla's earnings report is going to be really solid in January. And perhaps this is what the market is anticipating. So key points here. Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team is planning to make a federal framework to regulate self-driving vehicles, a top priority for the U.S. Transport Department. Musk was a central figure in the business world, pushing for Trump's return to the White House in the lead-up to this month's elections. And last week, Trump picked Musk and former Republican presidential candidate Vivek Ramaswamy to lead the newly minted Department of Government Efficiency, or doge speaking of solana solana has actually flipped starbucks in market cap just to give you an idea of how large this crypto has become and if you look at the search results or the trends here for solana versus ethereum solana is now on par with ethereum in terms of interest for people searching And I think that this is very indicative of what the future for these blockchains will turn out to be. I do think that Solana is going to gain ground against Ethereum. And who knows, perhaps we flip Ethereum in market cap or at least approach Ethereum's market cap, because right now the one to four ratio between Ethereum and Solana in terms of value of the project makes no sense when you take a look at the usage data for each respective blockchain. Now, this Momentum for the majors in crypto is trickling down to the smaller cap coins, and this is to be expected. So altcoin trading volume has surged past three hundred billion for the first time since twenty twenty one. And as I mentioned, the winners here, it's a very simple formula. You look at what are the most popular chains and what are. The most popular, as far as I can see, one of the most popular meme coins, the one with the most volume, the ones with the most liquidity behind them. And those are probably going to be the best performance. Now, you look at the last week, for example, something like Peanut gained three hundred and five percent. Bonk is up eighty four percent. Other meme coins, Brett is up twenty five percent. Meme coins, Floki is up thirty seven percent. Goat is up twenty seven percent. These are all meme coins. They're not utility coins. And, you know, as a class of crypto currencies, they're doing the best because I think that they are the basically the only ones that have a meaningful utility as of this stage in cryptocurrency development. And that utility being a means of exchange, a means of transferring value between one person and the other. That's really everything else is just theoretical utility that they hope will actually manifest in the future, but nothing really there. And as I said before, good projects don't need tokens and good tokens don't need projects. So that's the paradox of the crypto world. Now, moving on to some of the good news for Bitcoin, you see MicroStrategy, it's up four hundred sixty percent because they use this infinite money glitch where they issue equity and they use the proceeds from that equity to buy Bitcoin. The market values that Bitcoin at more than the dilution effect that they had to incur when they issued the equity. And so they are in a better position to issue even more equity. And they keep doing that. And people are anticipating more of the same in the future. And they're now valuing the company at seventy seven billion, close to seventy eight billion, even though the company only holds thirty billion in crypto and other businesses basically nonexistent in terms of earnings. So. This is working very well for this company for now. Eventually, the music has to stop, but. The company is doing more of the same, understandably. So MicroStrategy tapped stock market to fund record Bitcoin buy. So they bought a record four point six billion in Bitcoin, making good on plans announced last month. Tap capital markets to accelerate purchases of the cryptocurrency. So far, they've acquired about fifty one thousand seven hundred eighty Bitcoin between November eleventh and November seventeenth. according to the US Security and Exchange Commission that follows twenty seven thousand Bitcoin that they acquired between October thirty first and November tenth and two large acquisitions in September. So people are seeing this and I'm actually surprised that it's taken this long for this to happen. But other companies are saying, hey, MicroStrategy is doing this. Why don't we do it? And it's not just companies that are in industries adjacent to Bitcoin or where it makes sense for them to be involved in Bitcoin. It's companies in completely different industries. They're looking at MicroStrategy and saying, hey, why don't we have our reserves in Bitcoin? So Marathon announced that they're offering seven hundred millions of marathon. Marathon is actually a Bitcoin miner. So it kind of makes sense for them to do this. Seven hundred million in convertible senior note to basically. So they're raising seven hundred million to buy Bitcoin because Why is MicroStrategy any better than they are? If MicroStrategy can do it, so can they. So they announced a private offering of seven hundred million in convertible senior notes due twenty thirty. Mara intends to use up to two hundred million of the proceeds to repurchase a portion of its outstanding convertible notes. The offering includes an option for purchasers to acquire an additional one hundred and five million in notes. And. the remainder of the funds will be used to accumulate Bitcoin. So that's Marathon basically telling you as a Bitcoin miner, hey, it's kind of easier to just buy Bitcoin than it is to mine it. And a similar scientific announced. Now, similar scientific is in an industry completely unrelated to anything Bitcoin. A similar scientific announced BTC and ATM at the market activity raised. Twenty one point five million purchase. Additional two hundred and fifteen Bitcoin now holds one thousand two hundred and seventy three Bitcoin with Bitcoin yield of thirty seven point three. Similar Scientific, a pioneer in developing and marketing technology products and services to healthcare providers to combat chronic diseases, today announced updates regarding its Bitcoin activity. So it's not just companies related to Bitcoin that are doing this. This glitch, the infinite money glitch, is being used by a more and more diverse crowd. And the question is, Will we get into a state where many companies, dozens of companies are issuing stock at the same time in order to acquire Bitcoin? And what does that do to the price of Bitcoin? This could get really crazy, really fast. And as if Bitcoin needed more. wind in its sales blackrock's bitcoin etf options are set to launch tomorrow so this is going to add more liquidity to the markets will which will encourage more institutions to buy bitcoin and also when we're looking at the I like to look at this basically every day will trump create the national bitcoin reserve chances right now on calci are close to seventy percent which means that There's still a thirty percent chance that is not priced in to the price of Bitcoin right now, which is north of ninety thousand. So everything is pointing up for Bitcoin right now. There's the Nvidia earnings later this week that may cause some volatility in the markets, but I think they will pass in a positive manner and All the other data points that I'm looking at are pointing towards a sustained rally into the end of the year. So we're sitting pretty at this point. And now let's go to questions. Wa alaikum salam to everyone. Thank you so much for coming. Be sure to like the video if you enjoy these videos. So yeah, I'm not a fan of Palantir at all. Uh, I wouldn't touch it. If I had any stock, I would sell it. And that's for ethical reasons. That's not for, uh, business reasons. I think so. Rashad says Salaam, Rakan. Walaikum Salaam Rashad. Always nice to see you. Do you think the new administration will be energy friendly? I'll think it will be pro business regardless of the business. And whatever makes Trump more popular is exactly what he'll do. Yeah, I was waiting to see how many likes I would get before jumping in. Now, thank you all for waiting. I really appreciate it. And my apologies for running late today. that's true so a lot of says that's what happens when you get married with children you're never on time there's a lot of truth to that but I honestly I can't blame my family it's just it's it's a crazy time to be in the market is all I'll say uh so nosana you can use radium you'll have to have a um wallet that can have soul tokens something like a phantom or some other wallet there's a lot of them out there so you'll need a basically a Solana wallet connected to radium.io or Jupiter or some other the exchange and you'll be able to trade Solana tokens now be sure there are so many scam websites out there so be sure to You're on the right URL. Make sure you check the safety of the URL before using it. There's so many scam websites out there. Be very careful. How can I join? Just use the link in the description and the promotion is there as well. But make sure to use the code at checkout. Some are forgetting to use it. So use the code at checkout to get the promotion. This is a good question. So VTP says, Salam, brother. How would you handle stocks which are halal at one point and turn haram later? I just sell them. Some people like to hold on to them until they break even, but I just sell them. Because if I'm holding them to break even, what I'm basically saying is that I think that this is basically the fastest horse on the market and there's no way for me to recover what I lost in a position that I'm now uncomfortable with other than this particular position. And that's never the case. There's always an opportunity out there where I think I can recover my money elsewhere and be comfortable with holding that asset. So I just sell. I never said that I'm comfortable investing in microstrategy from a halal perspective. In fact, I'm not. And that's why I didn't. Because they're issuing debt. They're using interest-bearing debt. And their business model relies on it, I think, very clearly. So I've stayed away from it. And whenever you stay away from something, Allah will replace it with something much better. And so... I have confidence that that is the case. And when I look at my portfolios, I don't need much better. I'm totally content with everything. So Alhamdulillah. It's my pleasure, Ahsan. I mean, this is obviously something that I always think about. So the question is, what is, Hannibal asks, what is the chance Tesla can fail the PIF halal screening in the future? It's something that I always think about. I understand why you would be concerned about it. But what's good about this dynamic is I think Tesla is doing so much good. I mean, the benefits outweigh the, I can't really think of, I mean, aside from like the gimmick products that they offer every now and then, But the benefits that they're providing, I think humanity, their customers, their suppliers, their employees, everyone I think is enormous. And honestly, I think they've made the future something more exciting, something to look forward to. And hopefully they've inspired a lot of people to to do good themselves. And I know they have. And so I just think that the overall net impact of Tesla is enormously positive, probably more than any other company on earth. And I'm obviously able to separate between Tesla, the company, and its CEO, Elon Musk. Sometimes I agree with what he says, sometimes I don't. I obviously admire his business acumen and his tenacity and innovative approach to solving problems. Obviously, some of his other comments, I disagree with strongly. But overall, I think Tesla is a fantastic positive for humanity. And so I hope that this continues so that we can remain comfortable investing in it. All right, guys, thank you so much for tuning in. Leave a like if you found any benefit in this live and tune in next time. We'd love to have you back. Subscribe and hit the notification bell so you know when we go live. Take advantage of the promotion that we're running if you want to become a PIF member. Until next time, make sure to take care of yourself. As-salamu alaykum and peace be upon you all.