- Vivek Ramaswamy, a current Trump surrogate and past presidential candidate, co-founded Strive Enterprises, an asset management company, announced the establishment of its wealth management division.
- The company, which begins in the midst of a corporate shift and the closing of a $30 million financing round, seeks to include Bitcoin into the typical portfolios of regular Americans.
Strive Enterprises, an asset management company, was introduced on Friday. It was co-founded by billionaire Anson Frericks and Trump booster and former Republican presidential candidate Vivek Ramaswamy.
incorporating Bitcoin into regular American portfolios as a hedge against rising fixed income yields, long-term inflationary pressures, ongoing geopolitical challenges, unsustainable levels of global debt, and possible restrictive monetary controls.
The debut comes after Cantor Fitzgerald, the company that banks Tether and whose CEO Howard Lutnick is a vocal supporter of Bitcoin, closed a $30 million Series B investment round in Strive. If Donald Trump is reelected after this Tuesday’s election, Lutnick will also serve as a co-chair of his transition team.
Our Wealth Management company stands apart from almost all of its main rivals today because to our dedication to providing customers with genuine financial freedom—through the careful integration of Bitcoin. After the debut, the business will also move from Columbus, Ohio to Dallas, Texas.
Some justification for the introduction comes from the success of spot Bitcoin ETFs located in the United States; BlackRock’s fund recently had record-breaking inflows. According to Eric Balchunas, a senior ETF analyst at Bloomberg, spot bitcoin ETF purchases began primarily as retail transactions but have since grown more institutional, with institutional holdings of spot ETFs expected to reach 40% in the coming year.
Strive still manages $1.7 billion in assets outside of its wealth management division. Americans are empowered to invest with “a sole focus on shareholder value maximization” by the anti-ESG corporation.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
