Asset management company Strive has established a wealth management department, incorporating Bitcoin into its standard investment portfolio
PANews reported on November 3rd, according to The Block, that asset management company Strive Enterprises, co-founded by former presidential candidate and current Trump representative Vivek Ramaswamy, has announced the establishment of a wealth management business. The company aims to integrate Bitcoin into "the standard investment portfolio of Americans" as a hedge against unsustainable global debt levels, rising fixed income yields, long-term inflationary pressures, ongoing geopolitical pressures and potential restrictive monetary controls.
Prior to this announcement, Strive had just completed a $30 million Series B financing round led by Cantor Fitzgerald. This firm provides funding for Tether and its CEO Howard Lutnick is an active advocate for Bitcoin. If Donald Trump is re-elected president, Lutnick will also serve as co-chairman of the transition team.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Adam Back: Strategy's leverage ratio is very low, previously only transferred BTC to another custodian and did not sell
SOL spot ETF records net inflows for 14 consecutive trading days, with total inflows reaching $382 million
Opinion: Cryptocurrency Index ETFs Will Lead the Next Wave of Adoption