TD₿: How Bitcoin Is Disrupting Wall Street’s Favorite Portfolio - (a Swan Signal Live segment) with Brady, Steven, John and Isaiah

TL;DR: The classic 60/40 portfolio is being redefined as Bitcoin replaces bonds in modern portfolios. With institutions doubling down and BTC-native bonds emerging, the real risk may be holding none.

Jun 19, 2025

Hey Bitcoiners,

The 60/40 portfolio is breaking down, with bonds delivering five years of negative returns and failing to protect against inflation. In today’s high-debt, low-rate environment, bonds are increasingly seen as “dead money,” while Bitcoin is gaining favor as a superior hedge. Paul Tudor Jones and others now advocate a mix of gold, stocks, and volatility-adjusted Bitcoin to guard against monetary debasement.

Financial advisors are slowly shifting as Bitcoin ETFs gain traction, and firms like MicroStrategy are pioneering Bitcoin-native financial products to meet institutional demand. With Bitcoin outperforming and offering new ways to access yield, it's rapidly becoming the new foundation for modern portfolio construction—replacing bonds in both strategy and substance.

Tick tock next block,
The Swan Education Team

The Daily Bitcoiner is Powered by Marathon Digital Holdings - setting the pace for the Bitcoin mining industry.

Welcome to Bitcoin: 101 Series

Swan understands that learning about Bitcoin can be daunting, and articulating its concepts to your loved ones can often appear like an insurmountable task. So, we created this free 1-hour Welcome to Bitcoin: 101 Series. It’s the best way to orange-pill your friends and family.

With host Natalie Burnell, you’ll learn the many ways Bitcoin can benefit you, such as:

Inflation Protection: Protect your savings from inflation and manipulation.
Investment Opportunity: Potential for substantial returns driven by its scarcity and growing adoption.
Prosperous Future: Decentralized money that serves as a store of value for your hard-earned wealth.

Help kickstart your loved one’s Bitcoin journey today!

Quote of the Day

“Only Bitcoin is the disruptor.”

- David Bennett

Job of the Day

VP, Head of Private Wealth
Anywhere / Remote only
Full Time
$250-400k (Annually)
Sales / Financial Services

Swan is building the world’s #1 Bitcoin-based wealth platform. We hire passionate Bitcoiners who want to work with a self-motivated and fully distributed startup team.

The Role

We are seeking an experienced Head of Private Wealth to become a key member of the Swan team. The Head of Private Wealth / Swan Private will be responsible for team management, strategic planning and client initiatives, and focusing on the expansion of our private wealth, family office, and business clients.

Your responsibilities

Lead and oversee daily operations of Swan Private, including team development, coaching, and implementation of sales enablement strategies
Responsible for growing Swan Private's total revenue streams, both transaction-based and recurring
Build and coach a high-performance team, ensuring best in class sales practices and discipline across the company
Leverage data analytics to optimize lead generation strategies, drive business growth, and develop effective team compensation structures
Partner with senior leadership to execute the corporate strategic plan and implement new growth strategies
Act as a liaison between Swan Bitcoin and our strategic clients
Provide feedback and contribute to our company strategy and product roadmap
Build and maintain a personal relationships with key partners in the Bitcoin industry

Skills and experience that will help you succeed

Extensive sales leadership experience in fintech and wealth management, combined with a background in traditional financial services
Proven track record of growing revenue through expanding service offerings, new product cross-selling, marketing, branding, and partnerships
Strong ability to analyze and explain how macroeconomic trends impact specific technology and growth strategies
Have a deep understanding of and passion for Bitcoin
Entrepreneurial mindset, thoughtful, and questioning
Excellent verbal, written, and presentation skills
Ability to thrive, and manage a team, in a remote environment
Minimum 10 years of management/leadership experience
Flexibility to travel as needed, typically short trips in the US
Must be US-based (major metro area ideal) and eligible to work in the US
Compensation for this role will be based on location and experience, and may include base salary, commissions, equity, and benefits

Here's a bit about our culture

We’re a growing team: Fully distributed across the world, 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.

In the Headlines

Ohio House Passes Bill to Shield Crypto Users, Eliminate Capital Gains Tax on Transactions Under $200

Ohio’s House of Representatives has approved House Bill 116, the Blockchain Basics Act, which prohibits state and local governments from restricting digital asset use, interfering with self-custody wallets, or rezoning against mining operations without due process.

The bill also legalizes residential mining, exempts small transactions under $200 from capital gains taxes, and shields participants in staking, node operation, and asset exchange from outdated financial regulations. It now heads to the state Senate for review.

Thailand Approves 5-Year Crypto Tax Exemption to Attract Global Investors and Build Digital Asset Hub

Thailand has approved a five-year capital gains tax exemption on digital asset sales conducted through licensed platforms from 2025 to 2029. The policy is part of a broader national push to position Thailand as a global financial hub for Bitcoin and regulated digital assets.

The exemption applies only to transactions through exchanges and service providers licensed under Thailand’s Digital Asset Business Act. Officials project significant economic growth, with the Finance Ministry estimating at least $30 million in additional tax revenue over the medium term.

Swan Shortie of the Day

Event of the Day

BTC Prague 2025 Discount Code [DISCO] – 10% Off - Discotech - The #1 Nightlife App

BTC Prague 2025 is Europe's premier Bitcoin-only conference, scheduled for June 19–21, 2025, at the PVA Expo in Prague, Czech Republic. Now in its third edition, the event is expected to draw over 10,000 attendees, featuring more than 200 speakers across multiple stages, and hosting over 100 Bitcoin-focused companies.

What to Expect

Business Day (June 19): A dedicated pre-conference day tailored for entrepreneurs, investors, and developers, offering strategic insights into integrating Bitcoin into various business operations.
Main Conference (June 20–21): Two days of keynotes, panel discussions, and presentations from leading figures in the Bitcoin space, including:
- Michael Saylor (Executive Chairman of MicroStrategy)
- Adam Back (CEO and Co-founder of Blockstream)
- Jack Mallers (Founder and CEO of Strike)
- Mark Moss (CEO of Market Disruptors)
- Jimmy Song (Bitcoin Developer)
- Roman Reher (Founder and CEO of Blocktrainer)
Expo Hall: An extensive exhibition area featuring over 100 Bitcoin companies showcasing their latest innovations and services.
Networking Opportunities: Attendees can connect with like-minded individuals, industry leaders, and innovators through various networking events and a dedicated mobile app with smart matchmaking tools.

Side Events

BTC Prague 2025 offers a range of side events to enhance the conference experience.

Dev/Hack/Day (June 18): A one-day event for developers and tech enthusiasts to explore cutting-edge Bitcoin technologies.
Cypherpunk Meetup (June 19): A gathering for privacy advocates and freedom seekers to discuss topics related to digital privacy and Bitcoin.
Run For Hal (June 19): A 5km social run through Prague's Old Town, honoring Bitcoin pioneer Hal Finney.
Self Custody Celebration (June 20): A meetup focusing on Bitcoin self-custody, featuring expert insights and a lively celebration.
Saturday After Party (June 21): An event to conclude the conference with music, drinks, and networking opportunities.

Tickets

Various ticket options are available at BTC Prague.

Conference Pass (€345): Access to the two-day main conference, including all stages and networking areas.
Business Pass (€595): Includes all Conference Pass benefits plus access to Business Day and additional networking opportunities.
VIP Pass (€1,820): All-inclusive access with added perks such as VIP lounge, exclusive Q&A sessions, premium seating, and concierge service.

A 5% discount is available for payments made in Bitcoin. For more details and to purchase tickets, visit: btcprague.com.

Meme of the Day

Thanks for reading The Daily Bitcoiner! Subscribe for free to receive new posts and support my work.

The Daily Bitcoiner