Sugar High

WEBVTT
00:00:00.650 --> 00:00:04.009
As-salamu alaykum everyone, I hope you are doing well.
00:00:04.070 --> 00:00:15.070
Today is Thursday, September 19th, and we have a green day, and it's not necessarily surprising considering the events of yesterday.
00:00:15.070 --> 00:00:19.149
As I mentioned, the Fed said everything the market wanted to hear.
00:00:19.449 --> 00:00:27.410
They said that they were confident with the inflation picture and the fact that it's slowing down, and they said they weren't really nervous about the economy.
00:00:27.850 --> 00:00:30.190
And so that's really what the market wanted to hear.
00:00:30.929 --> 00:00:34.109
And oh, by the way, we're slashing interest rates by 50 basis points.
00:00:35.429 --> 00:00:52.770
As I also mentioned, Tesla is a company that has, and a stock that has exhibited inverse correlation with interest rates in a big way, and stands to benefit a lot from a cut in interest rates, and we saw that today.
00:00:52.990 --> 00:01:08.250
The company is up close to 7% just today, and I think there's a lot more to come, probably knock on the door of 300 before their RoboTaxi event on October 10th.
00:01:08.670 --> 00:01:14.109
So let us talk about the markets.
00:01:14.670 --> 00:01:18.129
So Bitcoin is at 63,700.
00:01:18.370 --> 00:01:28.909
We appear to be breaking out of the narrow range that we've been in for the last three to six months, and there's likely a lot more to go.
00:01:29.170 --> 00:01:37.590
Now, I named this live sugar high because I do think that, by the way, wa'alaikum salam to everyone, Fahad, Nachra, Ali, it's nice to see you all.
00:01:38.209 --> 00:02:02.870
I do think that maybe there's a pullback in the remaining two weeks of September, nothing to be scared about, but there may be a sugar high that the market is experiencing right now from yesterday's Fed news, and perhaps there's a bit of a pullback, but as I mentioned, I think Q4 will be very strong for us, inshallah.
00:02:03.569 --> 00:02:09.430
As you can see, crypto risk assets across the board have been doing quite well today.
00:02:10.710 --> 00:02:17.330
So Solana is up close to 8%, it's at 143 today.
00:02:18.610 --> 00:02:31.129
Ripple was up, even though I was news of a pretty sizable transfer of Ripple to exchanges, so perhaps there's some selling pressure coming for that token.
00:02:31.530 --> 00:02:33.430
Litecoin is up 2%.
00:02:33.430 --> 00:02:36.169
I'm going to get you a different list.
00:02:36.349 --> 00:02:43.169
These are a lot of outdated cryptos, not really relevant for this cycle, I don't think.
00:02:43.969 --> 00:02:48.349
Now, what will be relevant is the small cap stocks.
00:02:48.689 --> 00:02:49.830
Are the small cap stocks.
00:02:50.030 --> 00:02:55.090
Russell 2000 is up, let's see, in the last five days, it's up 5%.
00:02:55.090 --> 00:03:00.530
If we're looking off of the low, it's up close to 8%.
00:03:00.530 --> 00:03:05.110
The low that was September 6th for the last month, at least the low.
00:03:05.590 --> 00:03:13.610
And I've mentioned before, I thought that the smaller cap stocks would do well for the remaining part of the year.
00:03:14.069 --> 00:03:22.270
And this is largely due to the fact that they are often impacted a lot more by interest expense.
00:03:22.490 --> 00:03:25.729
It's a bigger percentage of their overall expenses.
00:03:26.069 --> 00:03:37.810
And so when that goes down, their profitability improves a lot more than larger companies, more established companies, where things like interest expense don't really matter as much.
00:03:38.389 --> 00:03:43.289
If we look at the VIX index, it is down today.
00:03:43.590 --> 00:03:47.150
So the market is feeling a lot more confident.
00:03:48.550 --> 00:03:54.469
And the VIX or the fear index is reflecting that.
00:03:54.770 --> 00:04:04.129
Now, I will say that there is an inverse correlation between the level of the VIX and your expected return.
00:04:04.629 --> 00:04:09.210
So the lower the VIX, the lower the expected return.
00:04:09.210 --> 00:04:19.370
So the lower the fear, the lower the expected return, the higher the fear, the higher the expected return.
00:04:20.550 --> 00:04:28.509
It's a lot harder to invest when fear is higher, but investors typically get rewarded for that.
00:04:29.189 --> 00:04:31.689
The dollar index is heading down.
00:04:32.129 --> 00:04:33.829
This has an inverse correlation.
00:04:34.029 --> 00:04:36.149
Sorry, I said the VIX has an inverse correlation.
00:04:36.449 --> 00:04:39.550
Actually, it's a positive correlation with return.
00:04:39.730 --> 00:04:43.569
So the higher the VIX index, the higher the expected return.
00:04:43.709 --> 00:04:57.410
But with the U.S. dollar index, the lower the dollar index, the weaker the dollar, the higher the expected return or the higher asset prices go because they're denominated in U.S. dollars.
00:04:57.610 --> 00:05:02.870
So the weaker the dollar, the more dollars you have to pay for the same asset.
00:05:03.290 --> 00:05:13.949
And also, there's a lot of companies, especially in the United States, who have foreign revenues and they translate those foreign revenues to dollars.
00:05:14.589 --> 00:05:24.930
And so if the dollar becomes weaker, then these revenues translate into more dollars and therefore the expected earnings of these companies goes up.
00:05:25.389 --> 00:05:31.250
So that's why the U.S. dollar index going down is actually good for risk assets.
00:05:32.009 --> 00:05:45.230
If we look at winners and losers today, as I mentioned, Tesla was a big winner today, 7.26%. And Rashad did ask me, he put me on the spot the other time.
00:05:45.310 --> 00:05:48.009
He said, pick a stock for the near term.
00:05:48.490 --> 00:05:49.250
I picked Tesla.
00:05:50.089 --> 00:05:53.509
And indeed, alhamdulillah, Tesla is performing quite well.
00:05:53.629 --> 00:05:56.449
And I think there's more upside here.
00:05:56.509 --> 00:06:02.850
As I mentioned, I think we'll knock the door on 300 before its October 10th event.
00:06:03.089 --> 00:06:05.269
Now let's move on to crypto.
00:06:06.290 --> 00:06:12.310
And sorry, guys, I'm forgetting to switch the tab I'm sharing.
00:06:12.709 --> 00:06:15.009
So this is the dollar index that I was talking about.
00:06:15.810 --> 00:06:24.149
Actually, it touched below 100 yesterday, and it hasn't done that since July of 2023.
00:06:24.370 --> 00:06:41.269
Now expect the dollar index to recover somewhat as other central banks who were waiting for the U.S. to start its easing cycle do easing of their own.
00:06:42.490 --> 00:06:51.490
And one of the reasons why they wait is because they don't want their currency to fall dramatically when compared to the dollar.
00:06:51.670 --> 00:07:01.509
So now that the dollar has started a Federal Reserve in the U.S. has started with its monetary easing, other central banks can do the same.
00:07:02.569 --> 00:07:03.009
All right.
00:07:03.069 --> 00:07:04.310
Remember to share this tab.
00:07:04.889 --> 00:07:10.610
So yeah, as I mentioned, Tesla up more than 7% today and Nvidia is up more than 5%.
00:07:10.610 --> 00:07:14.189
A lot of these semiconductor stocks are up.
00:07:14.470 --> 00:07:34.449
As I mentioned, a lot of the technology stocks, the ones that were traditionally viewed as having high valuations, may do extremely well in this upcoming period because a lot of the future cash flows are going to be discounted at lower interest rates, which makes which gives them a higher present value.
00:07:34.970 --> 00:07:35.810
All right.
00:07:35.850 --> 00:07:39.050
Now let's talk about crypto.
00:07:39.350 --> 00:07:40.129
Total market cap.
00:07:40.569 --> 00:07:44.089
Still, we haven't really seen a spike in total market cap.
00:07:44.230 --> 00:07:56.509
There was a small increase in market cap in the past 24 hours, but nowhere near our high for this year, which was approaching$2.7 trillion.
00:07:56.910 --> 00:08:02.569
We're currently at $2.2 trillion, another $500 billion to go to get to our previous high.
00:08:02.670 --> 00:08:22.310
And I think we'll go a lot higher than that, probably go higher than $3 trillion this cycle, which means that now is the time, if ever there was a time, to become a PIF member so you can get started investing and, inshallah, beat the indexes.
00:08:22.870 --> 00:08:27.750
This is a membership that will, inshallah, pay for itself many times over.
00:08:28.329 --> 00:08:31.288
Do become part of our community if you haven't already.
00:08:31.928 --> 00:08:37.830
Now let's talk about the darling of the crypto world, and that is Bitcoin.
00:08:38.308 --> 00:08:52.090
BlackRock, manager of $9 trillion in assets, had a report that mentioned Bitcoin as a unique diversifier against geopolitical and monetary risks.
00:08:52.490 --> 00:08:59.389
And if you look around you in the world, geopolitical and monetary risks are abound.
00:09:00.169 --> 00:09:07.169
So this feature is quite a valuable one, especially in the times we live in.
00:09:08.129 --> 00:09:17.990
So BlackRock sees Bitcoin as a unique hedge against geopolitical and monetary risks due to its scarcity, decentralized nature, and low correlation with traditional assets.
00:09:18.350 --> 00:09:27.990
Basically what crypto bros have been telling you for the last 10 years, myself included, although I don't consider myself a crypto bro, hopefully not.
00:09:28.549 --> 00:09:46.750
So in their report they say, while Bitcoin has been volatile and has seen short episodes of co-movements with equities, Bitcoin's long-term correlation to equities and bonds has been low, and its long-term historical returns have been vastly higher than all major asset classes.
00:09:46.889 --> 00:09:48.070
That's very important.
00:09:48.269 --> 00:10:01.450
It's very rare that you come across an asset that has low correlation with other assets and beats them in expected return, at least as per its history.
00:10:01.710 --> 00:10:10.610
So when you have an asset like that, you can add it to your portfolio without decreasing the expected return of that portfolio because there's low correlation.
00:10:10.889 --> 00:10:32.409
So when you're constructing a portfolio, I go into this in our course, when you construct your portfolio, you want assets that have low correlation with each other because if the assets are inversely correlated, then one's gains will be erased by the other one's losses.
00:10:33.009 --> 00:10:41.309
If they're positively correlated with one another, then when they go down, they're all going to go down together.
00:10:41.629 --> 00:10:43.970
So the volatility is going to be very high.
00:10:43.970 --> 00:10:51.570
When there's no correlation, then you aren't impacting the expected return of the portfolio.
00:10:52.330 --> 00:11:10.250
And so Bitcoin has a very unique characteristic in that it can be added to portfolios without being detrimental to the expected return of those portfolios because of its low correlation with other assets.
00:11:11.230 --> 00:11:14.750
Now from a practical perspective, what makes Bitcoin relevant?
00:11:14.970 --> 00:11:23.509
Now we all know this, we've been saying this, but because BlackRock finally is recognizing this, it is making news.
00:11:24.090 --> 00:11:33.669
If you look at traditional currencies, dollars, yens, euros, they're prone to inflation and debasement given a non-fixed supply.
00:11:34.070 --> 00:11:36.549
They're difficult to transact across borders.
00:11:37.009 --> 00:11:41.470
Access is limited to one's particular country controlled by a central authority.
00:11:41.769 --> 00:11:47.049
So basically the dollar, the central bank can print as many of them as they want.
00:11:47.809 --> 00:11:55.789
It's very hard to move dollars from here to Egypt, from here to Indonesia in a seamless and instant way.
00:11:56.909 --> 00:12:05.529
And a lot of countries, you can't use dollars and access to them is limited to specific geographies.
00:12:06.230 --> 00:12:10.149
And they're controlled by a central authority that is motivated by their own self-interest.
00:12:10.549 --> 00:12:18.289
I know you're probably gasping, hey, I never knew politicians, policy makers were motivated by self-interest.
00:12:18.710 --> 00:12:20.509
I know this is a big surprise.
00:12:20.629 --> 00:12:23.909
I'm sure you're in shock, jaws to the floor.
00:12:24.629 --> 00:12:26.210
But yes, indeed they are.
00:12:26.870 --> 00:12:34.950
Now what Bitcoin is making possible is a fixed maximum supply that's hard-coded at 21 million.
00:12:35.610 --> 00:12:37.629
Supply growth is declining.
00:12:38.129 --> 00:12:40.450
I'm sure you recall the halving that we had.
00:12:42.149 --> 00:12:44.230
Digitally native and borderless.
00:12:44.389 --> 00:12:52.830
You can send anywhere in the world instantaneously, low fees, any time of day, 24 seven, it's available.
00:12:53.970 --> 00:12:56.669
First truly open access global monetary system.
00:12:56.850 --> 00:13:05.610
So BlackRock, which has $9 trillion in assets under management, word means something is on board with the Bitcoin trend.
00:13:05.889 --> 00:13:10.950
Obviously they're also have a tendency to be self-serving.
00:13:11.330 --> 00:13:17.110
And this report is self-serving for BlackRock because they have the BTC ETF.
00:13:17.649 --> 00:13:20.429
Nevertheless, what they're saying I think is true.
00:13:21.090 --> 00:13:44.070
And they mentioned in the report, as the global investment community grapples with rising geopolitical tensions, concerns over the state of US debt and deficits and increased political instability around the world, Bitcoin may be seen as an increasingly unique diversifier against these fiscal, monetary and geopolitical risk factors investors may face elsewhere in their portfolio.
00:13:44.629 --> 00:13:53.389
Now, you may say to yourself, actually, what I've observed is Bitcoin being quite correlated with the NASDAQ and others.
00:13:53.629 --> 00:13:54.549
And you would be right.
00:13:55.269 --> 00:14:00.710
For many instances, Bitcoin is correlated.
00:14:01.529 --> 00:14:04.429
So it's not a zero correlation.
00:14:05.769 --> 00:14:13.230
However, Bitcoin tends to move with other assets when there is dramatic moves.
00:14:13.730 --> 00:14:17.629
So when there are dramatic moves, typically correlations are broken.
00:14:18.509 --> 00:14:22.289
Dramatic moves in either direction, typically correlations are broken.
00:14:22.950 --> 00:14:31.029
So that may be what you are experiencing, what you are referring to in your mind when you're recalling Bitcoin's price action.
00:14:31.710 --> 00:15:00.690
However, if you take just day-to-day correlation without dramatic moves in the indexes or very acute periods of panic, if you were to take those periods out, the times of extreme volatility, then you'll see that Bitcoin actually day-to-day normal circumstances has very little correlation with other equities and other assets.
00:15:01.330 --> 00:15:12.409
In other crypto news, Solana's second phone is nearly here, anticipated by exactly no one who needs a phone.
00:15:13.129 --> 00:15:21.470
But they have had a lot of success with their first phone because it comes with free stuff.
00:15:22.289 --> 00:15:33.950
So, yeah, if you're into buying something for$300 that comes with $600 worth of stuff, then Solana's phone is for you.
00:15:34.350 --> 00:15:44.649
Certainly, its first phone, that was its appeal initially when they launched at very weak sales, but then they added airdrops to it and all of a sudden it became popular.
00:15:44.909 --> 00:15:45.610
I wonder why?
00:15:46.129 --> 00:15:48.210
No one's making phone calls with this.
00:15:49.049 --> 00:15:52.470
And the same was Solana's second phone.
00:15:52.730 --> 00:15:56.509
No one's going to be using it for anything except as an airdrop machine.
00:15:56.850 --> 00:15:59.210
This comes out in 2025.
00:15:59.610 --> 00:16:05.929
I'm sure they'll sell out so long as the airdrops are generous, and I'm sure they will be.
00:16:06.149 --> 00:16:08.169
After all, why not make them generous?
00:16:08.649 --> 00:16:15.610
Crypto, most of it is created out of thin air, so be generous with thin air tokens.
00:16:16.769 --> 00:16:25.710
And yeah, cryptocurrency continues, as far as I can tell, to only be useful for one thing, and that is as a means of exchange.
00:16:26.529 --> 00:16:32.429
Until today, I haven't seen any crypto app that is useful for anything other than that.
00:16:32.929 --> 00:16:44.009
The app is either used as a means of exchange or some sort of other associated service.
00:16:44.870 --> 00:16:56.750
So yeah, maybe you'll get some apps that are popular, that are involved, or that enable you to trade pre-launches or something like that.
00:16:56.830 --> 00:16:58.450
But that's just speculation.
00:16:58.889 --> 00:17:18.390
Until today, I hold the position that crypto has not proven itself, the blockchain has not proven itself useful for anything other than speculation and moving value from one place to another, which I actually think is quite useful, quite beneficial.
00:17:18.710 --> 00:17:20.828
But other than that, not really.
00:17:20.828 --> 00:17:23.690
And I've basically invested accordingly.
00:17:24.190 --> 00:17:30.569
So with that, guys, let's go to some of your questions.
00:17:31.190 --> 00:17:36.029
We got a lot of questions today, just like yesterday, which is awesome to see.
00:17:36.369 --> 00:17:37.150
Thank you all for coming.
00:17:37.289 --> 00:17:39.130
Rashad, Tesla, let's go.
00:17:39.269 --> 00:17:40.829
Yes, indeed, my brother, let's go.
00:17:41.849 --> 00:17:42.990
Some news out there.
00:17:43.089 --> 00:17:46.450
50 point cut equals 50% chance of a recession.
00:17:46.650 --> 00:17:47.309
What's your take?
00:17:47.829 --> 00:17:54.029
I don't think it's that easy of a probability calculation.
00:17:54.589 --> 00:18:00.109
Certainly, if there was, we think there's going to be 100 base point cut by the end of the year.
00:18:00.509 --> 00:18:05.410
If that happens, does that mean there's 100% chance of a recession?
00:18:05.589 --> 00:18:06.869
I don't necessarily think so.
00:18:07.430 --> 00:18:15.410
That being said, I will say that a lot of what is keeping the economy strong is government spending.
00:18:16.210 --> 00:18:22.450
Now, if Kamala is elected, I expect that to continue in a big way.
00:18:22.710 --> 00:18:28.329
If Trump is elected, I expect the stimulus to come through tax break.
00:18:28.450 --> 00:18:34.210
So either way, I expect the government to continue to be heavily involved in stimulating the economy.
00:18:35.250 --> 00:18:42.849
And therefore, hopefully, we're able to achieve to achieve a soft dish landing, hopefully.
00:18:43.990 --> 00:18:49.650
Selimatic asks, can I take a loan without interest from people who are doing haram businesses like selling alcohol?
00:18:50.609 --> 00:18:53.470
So this unrelated to investing.
00:18:53.789 --> 00:18:56.470
So if you don't mind, Selimatic, I'm gonna skip.
00:18:57.289 --> 00:18:58.230
I have a question about Ripple.
00:18:58.450 --> 00:19:01.309
What is the future price forecast estimation for Ripple?
00:19:01.910 --> 00:19:03.089
Depends on your time horizon.
00:19:03.410 --> 00:19:09.190
For a long enough time horizon, I think the future is going to make some people nervous, perhaps.
00:19:10.289 --> 00:19:12.210
The estimated price is zero.
00:19:12.549 --> 00:19:16.910
I just don't see why it needs to exist.
00:19:17.130 --> 00:19:17.990
I could be wrong, though.
00:19:18.990 --> 00:19:20.069
What do you think about ETH?
00:19:20.069 --> 00:19:21.349
Is ETH dying?
00:19:22.210 --> 00:19:23.210
I would say ETH.
00:19:23.529 --> 00:19:24.690
I would say yes.
00:19:25.789 --> 00:19:27.170
Meme coins are exploding.
00:19:27.509 --> 00:19:29.890
I expect more of that.
00:19:30.089 --> 00:19:39.269
And by the way, it's more logical than I think people give credit to because meme coins can be used as a means of exchange.
00:19:39.869 --> 00:19:54.490
So meme coins actually have or are able to do the only thing that crypto is useful for, which is transferring value from one party to the other.
00:19:54.990 --> 00:19:58.250
So I think meme coins exploding makes perfect sense.
00:19:58.970 --> 00:20:22.170
But I would be very cautious with meme coins that are centrally controlled, meme coins that have a lot of dilution scheduled or where a big percentage of circulating supply is in a very small number of hands.
00:20:22.710 --> 00:20:27.329
These are very susceptible to rug pulls.
00:20:27.890 --> 00:20:28.930
So be very careful.
00:20:30.130 --> 00:20:32.250
What is your stance on AI coins?
00:20:32.990 --> 00:20:38.210
My stance is that anything with AI is doing well.
00:20:38.549 --> 00:20:40.849
Some with merit, some without merit.
00:20:41.390 --> 00:20:46.009
Make sure to be cognizant of what actually has merit, what doesn't.
00:20:46.089 --> 00:20:52.730
Because in the end, what will live on is that which has merit.
00:20:53.009 --> 00:20:57.650
And what is useless will be the foam that is swept away.
00:20:58.450 --> 00:20:59.529
Abdullah says, Salam, Arkan.
00:20:59.650 --> 00:21:02.309
Do you have any feedback on data, streamer coin?
00:21:02.769 --> 00:21:03.789
I haven't taken a look.
00:21:03.890 --> 00:21:04.490
Perhaps I will.
00:21:05.069 --> 00:21:10.970
F story says, can you make a detailed video about airdrops, whether they are halal or haram?
00:21:11.829 --> 00:21:25.089
I think if the coin is coin, the fact that you're getting them as an incentive for something, if that action is halal, then I don't see why it would be haram.
00:21:25.349 --> 00:21:29.410
Can you just make a video on PIF membership and what it includes?
00:21:29.410 --> 00:21:30.269
Sure.
00:21:31.089 --> 00:21:42.109
So PIF membership members, and I can make a video about this, but members can follow my portfolios that I invest in using real money.
00:21:42.710 --> 00:21:45.349
And right now we have four portfolios.
00:21:45.650 --> 00:21:48.869
We have growth, emerging growth, dividend and crypto.
00:21:49.730 --> 00:21:53.329
And so whenever I make a trade, I let members know.
00:21:53.329 --> 00:22:01.730
We also have a watch list of assets that I've invested in and also assets that I just keep an eye on.
00:22:02.109 --> 00:22:06.170
And I have buy, hold, sell prices.
00:22:06.630 --> 00:22:07.990
So well, buy and sell prices.
00:22:08.289 --> 00:22:10.009
So I'll buy below a certain price.
00:22:10.029 --> 00:22:11.490
I'll sell above a certain price.
00:22:11.589 --> 00:22:13.069
And between those places I'll hold.
00:22:13.589 --> 00:22:18.470
We also have a community, which I think is the most important part of our membership.
00:22:18.809 --> 00:22:25.049
So you get to interact with other halal conscious investors that are trying to build wealth in a halal way.
00:22:25.880 --> 00:22:28.170
We also have monthly meetings.
00:22:28.170 --> 00:22:34.509
So where I go over our portfolios and our outlook for them.
00:22:35.109 --> 00:22:43.849
And for elite membership, you also get the course that I add to periodically with new lessons.
00:22:43.849 --> 00:22:47.589
So teaching investors how to fish for themselves, basically.
00:22:48.170 --> 00:22:49.529
So that's what you get in a nutshell.
00:22:49.750 --> 00:22:51.910
Perhaps I'll make a more detailed video in the future.
00:22:53.089 --> 00:22:53.549
All right.
00:22:53.690 --> 00:22:55.109
So As-salamu alaykum.
00:22:55.890 --> 00:23:00.609
Ahmed Hussain says, Bitcoin will be the next bubble, given the lack of regulation.
00:23:00.890 --> 00:23:01.930
What are your thoughts on this?
00:23:02.029 --> 00:23:20.670
Actually, I think that with the ETFs in the United States that were approved earlier this year, the threat of adverse government action has gone down substantially, considering now it's in the average person's portfolio.
00:23:20.829 --> 00:23:22.869
Sometimes it's in their retirement.
00:23:23.170 --> 00:23:31.869
So the politician who wants to adversely attack coin tends to lose a lot of votes.
00:23:33.210 --> 00:23:33.730
Investing.
00:23:34.529 --> 00:23:35.809
Okay, not sure.
00:23:36.970 --> 00:23:38.569
Ali says, fi amanillah.
00:23:39.029 --> 00:23:40.150
So someone may have left.
00:23:40.690 --> 00:23:44.529
I received money from dog's airdrops, which is a meme coin.
00:23:44.789 --> 00:23:46.930
Is this money halal or not?
00:23:47.670 --> 00:23:51.390
As I mentioned, I think if the coin is halal, I don't see why not.
00:23:52.210 --> 00:23:57.009
Actually, I have to say, dogs and ton coin are on my shortlist.
00:23:57.109 --> 00:23:58.630
I'm actually quite interested in them.
00:24:00.329 --> 00:24:02.970
So, yeah, perhaps I'll have more to say about that.
00:24:03.730 --> 00:24:05.130
Sheikh Adnan, nice to see you.
00:24:05.170 --> 00:24:05.390
As-salamu alaykum.
00:24:06.170 --> 00:24:11.430
Natura says, I actually mean the price forecast estimation XRP coin from Ripple.
00:24:11.630 --> 00:24:15.170
Is it literally 538 and to reach that price?
00:24:15.349 --> 00:24:16.750
I do mean XRP coin.
00:24:16.990 --> 00:24:20.990
I think XRP coin isn't necessarily going to do well.
00:24:21.109 --> 00:24:21.890
I don't see it.
00:24:22.170 --> 00:24:24.309
I don't see any reason for it to exist.
00:24:25.329 --> 00:24:27.369
Could XLM reach $1?
00:24:27.769 --> 00:24:28.990
Anything is possible.
00:24:29.170 --> 00:24:31.809
The question you want to ask, Fahad, is it probable?
00:24:32.809 --> 00:24:34.789
And the answer is, I don't know.
00:24:34.950 --> 00:24:37.430
I think this requires a deep dive.
00:24:38.170 --> 00:24:40.309
Is purchase fee for crypto halal?
00:24:40.430 --> 00:24:44.869
By the way, it's $3.99. I'll see why a purchase fee would not be halal.
00:24:45.230 --> 00:24:46.630
What's going on with the miners?
00:24:47.009 --> 00:24:48.910
Which miner are you talking about?
00:24:49.029 --> 00:24:53.009
I think that we've run up a lot on our miners.
00:24:53.269 --> 00:25:01.789
Perhaps today's movement fell short of a lot of people's ambition, depending on the name that they're looking at, but not worried at all.
00:25:02.269 --> 00:25:04.470
Inshallah, they will do quite well.
00:25:05.009 --> 00:25:06.849
All right, guys, thank you all for coming.
00:25:07.230 --> 00:25:10.769
Let's get this live to 100 likes.
00:25:12.009 --> 00:25:18.210
And if you haven't hit the notification bell, hit the notification bell when I go live next.
00:25:19.269 --> 00:25:22.569
Until next time, make sure to take care of yourself.
00:25:22.670 --> 00:25:24.309
Assalamu alaikum and peace be upon you all.