TD₿: Bitcoin is Capturing the Monetary Premium of Assets Globally - (a CNBC Europe guest appearance) with Raphy Zagury
TL;DR: When Hyperbitcoinization? If we build the Bitcoin Standard... they will come!
Hey Bitcoiners,
Swan CIO Raphy Zagury appeared on CNBC Europe early yesterday morning to talk about Bitcoin's incredible run in early 2024 and how it's capturing the monetary premium of assets like gold all over the globe.
Raphy makes the case why this circle is much different than the previous three Bitcoin epochs and is beginning to eat other major asset classes via demonetization and the debasement of legacy fiat currencies.
Bitcoin is ripe to capture the monetary premium of every primary asset class on the planet!
Enjoy!
Tick tock next block,
Cory Klippsten
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Welcome to Bitcoin: 101 Series
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Quote of the Day
“We are so early it's not even funny.”
- Brian @BTCDA
Job of the Day
The Company
Swan is a leading Bitcoin-only financial services company supporting individuals and companies throughout their Bitcoin journey. We hire passionate Bitcoiners who want to work with a self-motivated and fully distributed startup team.
The Role
Last year, Swan announced the intent to launch a Bitcoin-only trust company. Now, we are working toward building a pipeline of highly qualified individuals to help us lead this company. The trust company will embark on the mission of onboarding the world's Bitcoin-only clients ranging from wealth managers, family offices, institutions, and beyond while innovating in Bitcoin-only custody initiatives such as multi-institutional custody and other new forms of collaborative and conditional custody enabled by Bitcoin native technology.
The company will maintain complete legal separation from Swan and have its own management structure separate from Swan while having the benefit of access to Swan's broader resources (with more than 150 employees overall).
We are seeking an experienced Chief Operating Officer (COO) (or Director of Operations, depending on experience) to lead the operational aspects of the trust company. This early hire will play a pivotal role in building, developing, overseeing, and optimizing the operations of the trust company. This leadership position requires a seasoned operations professional with a deep understanding of fiduciary services, regulatory compliance, and a proven track record of driving operational excellence.
This is a startup-phase tech company role that must balance the fast-paced needs of a startup with the regulatory and risk needs of a Trust company managing billions of dollars in AUC. The ideal candidate will have experience in rapidly changing high-growth environments, be comfortable with wearing many hats, and be able to rapidly jump levels from a hands-on review of new initiatives to vendor selection to conversations with management and regulators.
Your responsibilities
Operational Strategy
Develop and implement operational strategies aligned with the company's mission, vision, and business objectives.
Identify opportunities for operational improvements and scalability within the digital asset space.
Collaborate with senior leadership to set operational goals, objectives, and performance metrics.
Trust Administration
Manage all aspects of trust administration, including account openings, funding, distributions, and account maintenance.
Ensure compliance with trust agreements, legal requirements, and industry standards.
Risk Management and Compliance
Ensure compliance with all relevant regulatory requirements, fiduciary standards, and internal policies.
Establish robust risk management frameworks to safeguard client assets and maintain operational resilience.
Custody and Security
Oversee developing and maintaining secure Bitcoin custody solutions, including cold storage and multi-signature wallets.
Partner with the Security team to implement best practices for security protocols, encryption techniques, and anti-fraud measures.
Technology and Infrastructure
Collaborate with the Engineering team to enhance and optimize digital infrastructure, trading platforms, and protocols.
Stay abreast of technological advancements in the Bitcoin space and assess their potential impact on the company's operations.
Client Relations
Build and maintain strong relationships with clients, addressing their needs, concerns, and feedback promptly and professionally.
Ensure a seamless onboarding process for new clients and provide ongoing support and communication.
Team Leadership
Lead and mentor a high-performing operations team, fostering a culture of collaboration, innovation, and excellence.
Provide guidance, feedback, and growth opportunities to team members.
Financial Management
Collaborate with the finance team to develop budgets, forecasts, and financial plans aligned with operational goals and objectives.
Monitor financial performance metrics and implement cost-effective strategies to optimize operational efficiency.
Skills and experience that will help you succeed
Bachelor's degree in Business Administration, Finance, Computer Science, or a related field; professional certification (e.g., CTFA) preferred.
Extensive experience (10+ years) in operational leadership roles within the financial services and/or bitcoin industry.
In-depth knowledge of Bitcoin, its underlying technology, custody, and security best practices.
Strong understanding of regulatory compliance requirements and risk management principles.
Excellent leadership, communication, and problem-solving skills.
Prior experience working in a trust company will be highly valued.
Remote role based in the United States, US work authorization required.
Here's a bit about our culture
We're a growing team: Fully distributed worldwide, Slack and Huddles are huge here.
We're very flat: Leadership is desired and encouraged; we hire people who care about and use the product they are working on.
We're Bitcoiners: We find solutions that encourage Bitcoin principles. We are often involved in the Bitcoin community through writing, podcasts, conferences, open-source projects, and time spent on Twitter to help educate the masses. We love Bitcoin, and it comes through in our daily chats, meetings, and actions.
Join us, become a Swan!
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
BTC Prague 2024
PVA Expo Prague, Czech Republic
June 13 - 15th, 2024
BTC Prague 2024 – Building on the highly successful inaugural 2023 edition, BTC Prague returns to the capital of Czechia in June 2024 for the largest Bitcoin-only conference in Europe.
What To Expect
Curated world-class Bitcoin speakers on 4 stages
100+ companies & open-source projects at the Expo
10,000+ attendees from all across Europe and beyond
A message from the organizers:
“We are hosting BTC Prague in a country and city that has given the Bitcoin world many great projects. The whole event was born out of this fertile ground. As organizers, we curate the topics, speakers, and companies. Our goal is to talk about the most important topics, help Bitcoin adoption, and bring the community together. We devote our energy to making the atmosphere at the event welcoming and friendly as well, giving rise to new connections and ideas.”
Speakers
Michael Saylor, Executive Chairman, MicroStrategy
Allen Farrington, Author & investor
Pavol ‘Stick’ Rusnák, Co-Founder, SatoshiLabs
Marek ‘Slush’ Palatinus, Co-Founder, SatoshiLabs
Giacomo Zucco, Bitcoin Entrepreneur & Consultant
Peter Todd, Cryptochronomancer / web-π dev
Anita Posch, Bitcoin Educator & Author
Rational Root, On-Chain & Cycle Analyst
William Casarin, Bitcoin Core, Lightning & Nostr dev
Samantha de Waal, 13-year-old Bitcoiner
Rahim Taghizadegan, Austrian Economist & Entrepreneur
Ben Arc, Bitcoin FOSS Hobbyist & Advocate
Niko Jilch, Journalist & Podcaster
Thank you,
Swan Team
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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