The Fiduciary Case for Bitcoin Allocation ft. Jirayr

In this episode, we sit down with Jirayr, co-founder of Citrin Capital Advisors, to discuss the evolution of a San Francisco-based wealth management firm integrating Bitcoin.

We explore the critical comparison between traditional alternative investments - like private equity - and Bitcoin, arguing why the latter offers superior liquidity, transparency, and returns for client portfolios.

Jirayr shares his thesis on the inevitable convergence of AI and Bitcoin, specifically regarding energy markets, autonomous agent payments, and cryptographic truth. We also discuss the complexities of de-risking concentrated stock positions for tech professionals and the operational reality of bringing tax services in-house to better serve the Bitcoin-native client.

Chapters
(00:00:00) - Intro and the Institutional Case
(00:02:18) - Evolution of a Bitcoin-Focused Firm
(00:04:44) - Moving From Skepticism to Allocation
(00:11:45) - Distinguishing Bitcoin From "Crypto" Assets
(00:14:43) - Merging Tax Services with Wealth Management
(00:19:13) - Operational Realities of In-House Accounting
(00:23:25) - Why Bitcoin Beats Private Equity
(00:27:59) - Sizing the Position and Risk
(00:31:10) - The Convergence of AI and Energy
(00:33:22) - Native Money for AI Agents
(00:40:37) - The Fiduciary Duty to Understand Money
(00:44:05) - Adapting the AUM Model for Bitcoin
(00:46:00) - De-Risking Concentrated Tech Equity
(00:49:40) - Navigating the Self-Custody Conversation

Guest Links
Jirayr Kembikian, CFP® l Co-Founder, Managing Director
Citrine Capital Website: https://citrinecapitaladvisors.com/
Jirayr on X:   / jkembikian  

Host Links
Jordan Guess:
X:   / jordanguess  
Discord:   / discord  

Wyatt O'Rourke:
X:   / wyattorourke_  
Website: https://www.basilic.io/

Bitcoin for Financial Services Media Links:
X:   / bffs_media  
Website: https://bffs.media/
YouTube:    / @bffs_media  

Check out our awesome show sponsors!
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