As-salamu alaykum, everyone. I hope you are doing well. Today is Thursday, May first. And markets are green today, which is good considering the circumstances. The GDP numbers came out for the first quarter yesterday and it did show contraction. We'll talk about why those numbers may be a bit skewed, not really representative of the actual economic activity that we're experiencing. That being said, the outlook is not that great for the economy. Certainly sentiment shows that much. And absent any significant trade deals, that's not going to change. Unless we get some substantial trade deals, then I'm afraid that we may be looking at a recession and maybe even worse. That being said, we are positioning ourselves accordingly. And I do remain optimistic about a certain place in the market. And we'll talk about some of them now. Let's just go over where we are in terms of price movement. The VIX is up a bit. We're still at twenty four. It does look like we peak, though. Earlier, we peaked between forty and fifty, basically. And I don't think we're going to see that much uncertainty there. That corresponded with Liberation Day and the genius plan that the Trump administration rolled out that absolutely tanked the economy, tanked the markets, tanked everything for no good reason. The Dow is up point three, four percent. Russell is up point four, seven percent. S&P is up point eight, five percent. NASDAQ is up one point four, three percent. MicroStrategy is doing pretty well of five percent, but that's just another day for that stock. They'll report earnings today. I believe Tesla is up point three, five percent. There was some So rumors about Tesla CEO leaving Tesla, that is Elon Musk leaving Tesla, but it turns out that those were unfounded. Bitdeer is up eight and a half percent leverage play on Bitcoin. You consider Bitdeer, you can consider Bitdeer and basically all Bitcoin miners. Iris Energy is up five percent. CleanSpark's up eight percent. And if you look at gold, we're at thirty two hundred does has pulled back a bit from its high of close to thirty three and a half. now at thirty two bitcoins at ninety seven thousand. So like clockwork, we're seeing the Bitcoin breakout as we predicted on this channel. Doge is at eighteen cents. We'll talk about Doge a bit in a second. And this is the Doge in BTC. And we can see that really right now we are bottoming in terms of You know, if we look at historical trends and that may set out for a period of outperformance for Dogecoin moving forward, I do think that Bitcoin dominance will peak in summer and then altcoin season will follow. So let's talk about this clockwork that I'm talking about. But first, with regards to GDP numbers that came out yesterday, they are kind of skewed because there was a rush to import before tariffs kicked in and imports do reduce, net imports, that is, do reduce the GDP calculation. So GDP is actually, if you look at the economic numbers, they're actually quite strong, which actually makes the tariffs and the policies that this new administration has taken, it makes them even more frustrating because the economy was doing well before these policies. were implemented. And what the administration is finding out is that it's very easy to impose tariffs on countries. It's very hard to roll them back after they've been imposed. So sentiment around The markets and the economy is at lows. And the final results for April, if you look at the index of consumer sentiment, that is down eight percent month over month, thirty two percent if you compare it with last year. Biden's economy, as Trump likes to say, the current economic conditions, sentiment around that, uh, fifty nine point eight. That's down twenty four percent year over year, six point three percent month over month index for of consumer expectations down ten percent month over month and thirty seven percent year over year. So pretty bad sentiment all around for consumers. And I think for good reason. Now. One bright spot that we have going on is that inflation is falling. And obviously, when consumers feel that bad about the economy, then they're going to spend less. They're going to tighten their financial belts. And that's going to destroy demand and will bring prices down. U.S. inflation is at one point three five percent as per true true inflation, which I think is actually a better estimate. indicator than PCCPI, which the Fed relies upon. So we'll see. Eventually, these numbers should show up in the metrics that the Fed likes to use. That being said, still, if we look at the possibility of a rate cut, it's at sixty two percent for sixty three percent. Twenty five base point and fifty base point. If you added them together, sixty three percent. chance in June I think that's I think it's probably going to happen in June I think the probability should be a lot higher but if you look at May it's still showing a ninety five percent probability of no rate cut and so I think that that should I think that's mistaken I think the economy is clearly showing uh signs of slowing down. And I think it would behoove the Fed to actually lower rates in May and not wait till June. I think June is too late. I think we all know where this is going. So I think lowering rates in May makes a lot of sense and if they skip may I think that that will be a mistake they'll be behind so rates should come down in may but it doesn't appear that the market is pricing in much of a probability for that to happen now The thing that's moving like clockwork and what I've been emphasizing on this channel for a while now in the last few lives, Bitcoin. Bitcoin is moving like clockwork with the global M-to-money supply. That's in yellow. You can see Bitcoin's price. There is a lag, typically. eighty, ninety day lag between money supply moving and the price of Bitcoin moving. We are seeing the price of Bitcoin moving in line with how we would expect it to move. And if you extrapolate this chart, we should I mean, Bitcoin may move. you know north of uh hundred twenty hundred thirty may even get to a hundred and fifty thousand just based on the money supply movement that we've seen and the and the growth in that money supply now what I want to refer you to is the fact that Bitcoin is not the only crypto that is very correlated with M-to-money supply. If you look at Dogecoin, there's a strong correlation between liquidity and Dogecoin's price. And you can see that there is also a lag between Doge and the money supply. The lag is a bit longer than what it is with Bitcoin. Bitcoin typically moves first, followed by other altcoins. but if you look at the local bottoms for dogecoin they correspond nicely with local bottoms with the m two money supply that's in yellow again price of doge is below it and you can see that um the the highs the local highs in dogecoin correspond although with the lag with the local highs and to supply global money supply. And so I'm fully expecting a breakout here in Dogecoin. And I would point to the fact that in similar situations, Doge during this period of breakout does tend to outperform Bitcoin. So I expect Bitcoin to reach its peak dominance in the next couple of months. that is the uh percentage of the crypto market that is bitcoin versus uh the percentage that is altcoin I expect that altcoins I expect that to peak uh in the next two three months and then um altcoins will hopefully catch a bid and they will run I do expect that during this period doge will outperform uh bitcoin now there's a lot more volatility involved with uh dogecoin there's a lot more risk but I do think on a percentage basis that there will be outperformance for doge then if you combine this with the fact that we may get a doge etf this year obviously the impact of the doge etf will really depend on if you're looking in the short term it's going to depend on when if we get an approval when that approval happens if we get the approval when uh doge is running I think that that could amplify uh the impact of the etf and we could break our previous all-time highs for a dogecoin that being said if the etf announcement comes at a time when the market is kind of down on itself then maybe its impact is a lot more muted That being said, I think that, you know, not financial advice, at least for PIF and members notice, I think that having a position in Doge makes sense. It is a fork of Bitcoin, has the same code with the exception of the supply. not being limited on an infinite timescale, but it is limited on a limited timescale. So with that being said, let's go to questions. Assalamu alaikum, all green and ready to take off. Yeah, alhamdulillah, our positions have been doing well. I think we'll continue to do well, inshallah. Got two extra to invest. Where shall I put it, lads? Interested in responses to Zaki's questions. Wael says, Assalamu alaikum. Looks like Bitcoin's taking the realm and gold's stepping back, as you have predicted. Yes, alhamdulillah. and inshallah may will be a bitcoin bull run month I think that's very likely so that's certainly um you know if you look at the time for it to run it's I think may make sense thank you again and always for your thoughts again it's my pleasure Good time to go into Bitdeer, even though it's up right now. I try not to chase. The good time was when we were buying, but I do think that if you have a longer-term horizon, then Bitdeer will do well. Found an alternative. Delays, okay. So here, Assalamu alaikum, nice to see you. Qasim, Assalamu alaikum, nice to see you. MME, Assalamu alaikum. Wondering if there's any apps you recommend to pay for everyday things with BTC. no no I don't really see btc as you know a means of payment it's a store of value is how I look at it wouldn't really waste my time with anything else what's your opinion on dca into solana long-term outlook I mean solana is basically I look at it as sort of the fear and greed index of crypto so It'll go up when people start to get back into meme coins and altcoins and all of that stuff, because most of that stuff happens on Solana. But then when there's fear again, it'll drop. So if you're, you know, it's not something that I'm that excited about, to be honest, Solana. I've said this before on this channel, which is that if I see a three handle on Solana, I'll sell the very small position I have in it. I wonder if this run will put some life into ETH. Well, who knows? Uh, I've seen crazier things happen. Do you see Litecoin as a competitor to Doge? I think Litecoin is, you know, if Bitcoin is gold, Litecoin may be silver or something. So it's not as attractive to me as Bitcoin is, but I think it'll do well. Would you advise buying Bitcoin, BTC, Doge now? Is it too late? No, I don't think it's too late. thoughts on ethereum right now well I think ethereum is basically on life support it's it's a dead chain nothing's really happening on it and it's basically living off of the its legacy and so at one point it was relevant but now it's not really relevant nothing cool or new is being built on it. It's just a engineering monstrosity that has no practical use at all. And eventually people will figure this out and they will dump their Ethereum. I just don't want you to be exit liquidity for those people so those were my thoughts I haven't been bullish on ethereum for a long time so but yeah those are just my thoughts not financial advice be sure to become a pif member if you want to see what I'm investing in link to do so is in the description also if you'd like a book a meeting with yours truly you can do so using the link in the description leave a like by the way last time our live got Very few likes. So if you're forgetting to leave a like, do leave a like. I'd really appreciate that. Every live should have at least a hundred likes if I'm doing my job correctly. If I'm not, then leave a comment and let me know how I can make these more useful for you. Until next time, make sure to take care of yourself. Assalamualaikum and peace be upon you all.