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
Data: Galaxy Digital deposited 2,850 BTC worth $330 million to major exchanges in the past 10 minutes
Aguila Trades Liquidated Again: 720 BTC Long Positions Wiped Out

Manta: RPC Endpoint Communication Issue Resolved, User Funds Unaffected
Trending news
MoreCrypto prices
More








