Market Mondays: Bitcoin to $10 Million? Why Bitcoin is the Future, TikTok Ban, & Top Stocks to Hold ft Chris Johnson

Released on December 10, 2024, by EYL Network, "Market Mondays" delves deep into strategies for thriving in the stock market under any circumstances. In this episode, host Ian Dunlap and co-host Troy Millings engage in comprehensive discussions with guest Chris Johnson, a prominent Bitcoin enthusiast, covering topics ranging from the future of Bitcoin to the implications of a potential TikTok ban.

1. EYL Network Relaunch and Upcoming Initiatives

Ian Dunlap opens the episode by announcing the relaunch and revamp of EYL University (EYLU), highlighting the organization's commitment to providing an expansive educational experience.

• [01:10] Ian Dunlap: "EYLU is relaunching, revamping, retooling. We're creating a new educational experience that's more expansive."

Troy Millings expands on the new offerings, including monthly financial planning calls, book club sessions, real estate discussions, and the introduction of 27 local chapters across the United States.

• [01:10] Troy Millings: "We're creating a new educational experience that's more expansive... Live interactive teaching, hands-on, not just pre-recorded videos. Plus 15 brand new curriculums."

2. Emphasizing Patience in Investing

The hosts transition to discussing the critical role of patience in investment strategies, using the story of Saudi Aramco as a case study.

• [02:14] Troy Millings: "Patience is something that is vitally important. When there's bull runs in stocks or crypto, everybody wants to get in, but then when it goes down, they lose money and principles go away."

Chris Johnson reinforces this sentiment by advocating for long-term holding, citing examples like Jerry Jones with the Cowboys and the Bus family with the Lakers, emphasizing that major stakeholders typically hold their investments for extended periods.

• [05:14] Chris Johnson: "The biggest upside is in holding for long periods of time... Everyone put in chat for the last 22 years, what has been a return of Nvidia."

3. The Future of Bitcoin and Its Potential Growth

A significant portion of the episode centers on Bitcoin's trajectory, with Chris Johnson positing an ambitious target of Bitcoin reaching $10 million within the next decade.

• [86:29] Chris Johnson: "In two halving cycles from now, I see a ten million dollar bitcoin."

Anthony Earners elaborates on his investment strategy, emphasizing Bitcoin as a store of value and critiquing the traditional reliance on the US Dollar.

• [44:41] Anthony Earners: "Bitcoin isn't a hedge to inflation, it's a solution to inflation... I'm saving in Bitcoin because ultimately you want your purchasing power to go up."

The discussion delves into the mechanics of Bitcoin halvings, institutional adoption, and the contrast between Bitcoin and altcoins, highlighting the importance of self-custody and trustlessness in the crypto space.

• [66:19] Anthony Earners: "I don't want to have to trust Coinbase, Kraken, Robinhood... I can use these exchanges to buy my bitcoin, but then I'm going to take self custody."

4. Implications of a Potential TikTok Ban

The conversation shifts to the legal challenges facing TikTok, exploring the potential consequences of a ban and identifying the beneficiaries in such a scenario.

• [13:38] Troy Millings: "From a stock standpoint, that is beneficial for Meta... Meta has been up over 400% in the last two years."

Chris Johnson predicts that Meta (formerly Facebook) and Google would stand to gain significantly if TikTok were to be banned, citing enhanced advertising opportunities and increased reliance on their platforms.

• [17:17] Chris Johnson: "Google and YouTube for sure... Amazon plays a role here from AWS from Cloud."

The hosts analyze the timing of the ban, considering political factors such as the upcoming presidential inauguration, and discuss the strategic moves by major tech companies to secure their positions.

• [14:16] Troy Millings: "Trump is coming in with a new regime... Zuck trying to cozy up to Trump is an effort to try to get ahead of that."

5. Tragic Incident Involving UnitedHealthcare CEO

A poignant segment addresses the recent tragic incident involving the CEO of UnitedHealthcare, discussing its broader implications for the healthcare industry.

• [23:09] Troy Millings: "It's a multi-layered conversation... impacts on not just UnitedHealthcare, but the industry as a whole."

Chris Johnson critiques the use of AI in healthcare, highlighting issues like mass denials and the human cost behind corporate decisions.

• [25:28] Chris Johnson: "There are over 10,000 instances of people being denied coverage... Companies are going to have to make a change to do a lot better."

Anthony Earners emphasizes the need for ethical business practices in healthcare to prevent further tragedies, advocating for increased security and accountability for executives.

• [27:21] Anthony Earners: "If you start looking at it that way... it's like certain business practices after a certain while... we got to get these things in line."

6. Top Stocks to Hold and Investment Strategies

The discussion returns to investment strategies, with Chris Johnson recommending a concentrated portfolio approach over diversification, citing stocks like Apple, Microsoft, Nvidia, VO, VTI, and Eli Lilly as top picks.

• [29:22] Chris Johnson: "VO, VTI, Apple, Microsoft, Nvidia... and Eli Lilly... Great leadership, great products, great moat."

Anthony Earners concurs, advocating for holding a core set of high-performing stocks and avoiding over-diversification, which he argues can lead to inefficiency and missed opportunities.

• [35:34] Chris Johnson: "They actually do all the filings... stick with your core 4, core 5 or 6... be patient."

Troy Millings and Ian Dunlap further discuss the merits of a focused investment portfolio, drawing parallels to successful business leaders who have built wealth through concentrated holdings.

• [37:00] Chris Johnson: "Past 10 is too much. I think four is easy to manage. Once you get to 10, 12, 15, 20, it's too much trouble."

7. Cryptocurrency Security and Trust Issues

Ian Dunlap raises concerns about the security of cryptocurrency exchanges, prompting Anthony Earners to elaborate on the importance of self-custody and the pitfalls of centralized platforms.

• [66:19] Anthony Earners: "You don't have to trust Coinbase, Kraken, Robinhood... I keep my stocks with JP Morgan or Bank of America. This is a different ball game."

The conversation underscores the risks associated with trusting third-party platforms and the advantages of maintaining control over one's own private keys to secure Bitcoin holdings.

• [69:29] Chris Johnson: "How influential was Michael Saylor on your strategy... what two or three books?"

8. Guest Insights: Chris Johnson's Bitcoin Journey

Chris Johnson shares his personal investment journey, detailing his transition from traditional stocks to a concentrated Bitcoin portfolio. He discusses his strategies for maximizing returns while minimizing risk, emphasizing the importance of research and conviction.

• [38:26] Chris Johnson: "I've sold a lot of everything and put a lot into Bitcoin... documenting how that's worked out for me."

Anthony Earners recounts his approach to investing in Bitcoin, highlighting his focus on purchasing during dips and maintaining a strong belief in Bitcoin's long-term value.

• [43:00] Earners: "Bitcoin's a solution to inflation... I'm saving in Bitcoin not investing in Bitcoin."

The guest emphasizes the distinction between holding assets for nominal value growth versus real purchasing power, advocating for Bitcoin as a means to preserve and enhance wealth in the face of inflation.

• [48:56] Anthony Earners: "Your purchasing power will erode if you're holding the dollar... Bitcoin is my benchmark."

9. Final Thoughts and Outlook

As the episode nears its conclusion, the hosts and guest reflect on the evolving landscape of cryptocurrency, investment strategies, and the broader economic implications of their discussions.

• [87:07] Earners: "Imagine if you have an unlimited amount of dollars flowing into this asset... repeat until Bitcoin's balloon is safe."

Chris Johnson reiterates the importance of holding Bitcoin long-term and acknowledges the validation that comes from successful investments based on thorough research.

• [92:10] Earners: "The most rewarding part is it validates your research... stay curious."

The episode wraps up with a preview of upcoming segments, including a live stream on cryptocurrency basics, and a reminder for listeners to remain informed and diligent in their investment decisions.

• [111:25] Ian Dunlap: "Stay curious."

Notable Quotes

• Ian Dunlap [01:10]: "The biggest just got bigger."

• Troy Millings [02:14]: "Patience is something that is vitally important... If you don't have the discipline and the patience, then you're going to get washed out every single cycle."

• Chris Johnson [05:14]: "The biggest upside is in holding for long periods of time... It's looking to hold for a long period of time."

• Anthony Earners [44:41]: "I'm saving in Bitcoin because ultimately you want your purchasing power to go up. That's the name of this whole game."

• Chris Johnson [29:22]: "VO, VTI, Apple, Microsoft, Nvidia and Eli Lilly are the five to invest in if you want another company."

• Anthony Earners [73:38]: "The worst drawdowns that we'll have are like 80%."

Conclusion

This episode of "Market Mondays" offers a wealth of insights into strategic investing, emphasizing the virtues of patience, concentrated holdings, and the transformative potential of Bitcoin. Through in-depth discussions with Chris Johnson, listeners gain a nuanced understanding of cryptocurrency's role in modern investment portfolios, the ramifications of regulatory actions on tech giants like TikTok and Meta, and the ethical imperatives facing the healthcare industry. Whether you're a seasoned investor or new to the financial landscape, this episode provides valuable perspectives to inform your investment decisions.