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.