The Practical Islamic Finance Podcast · Rakaan Kayali

Powell Tanks Markets!

·40 min·2 clips

The U.S. government may be looking to take a 10% stake in Lithium Americas.

The market opens red. He starts with the day’s volatility and moves through the major indices, noting that NASDAQ was the most in the red by three quarters of one percentage point, so the larger setup still feels intact. Bitcoin gets a lot of attention. He says it has been basically flat for roughly three months, puts it next to gold’s move to fresh all-time highs, and argues that if history rhymes, Bitcoin could be next. Tesla still looks strong. Bitdeer, NVIDIA, Enphase, and CoreWeave all get quick check-ins, and he stays constructive on Bitdeer and Enphase even after the day’s declines. Gold keeps making new highs, oil sits around $63, and Solana takes a sharper pullback, but the throughline stays the same: short-term weakness does not always cancel a longer thesis. He pauses for a tech hiccup. A slide adjustment seems to affect the audio, so he checks whether viewers can hear him and then repeats the main point for anyone who missed it. September matters here. He leans on Bitcoin seasonality, saying a green September has historically set up green October and November, and he points to 2024, 2023, 2016, and 2015 as examples. Q4 gets framed as the prize. The argument is that a positive close to the month could give Bitcoin a cleaner runway, even though the current tape is still noisy. Membership comes up. He reminds viewers to join the community, points them to the link in the description, and keeps the pace brisk rather than lingering on any single tangent. The live questions stay practical. He answers a question about keeping coins on exchanges by saying he would not keep much there, especially on Coinbase. Risk control stays central. He ends by telling Malik to stick with the researched buy-below price on Bitdeer, then signs off with thanks, a like request, and salams.

As heard by us

A live market read centered on price action and seasonal Bitcoin context.

The episode keeps its footing on a choppy market day, moving from the indices to Bitcoin, gold, and the named stocks without losing the thread.

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Why you'd press play

Want a live trader's read on a red market day and Bitcoin's setup?

Read the full recommendation in PlayNext →

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