Strive Enterprises, the asset management firm co-founded by Donald Trump supporter and former US presidential candidate Vivek Ramaswamy, has announced the establishment of a new asset management unit that integrates Bitcoin into client portfolios.
Stating that it positions Bitcoin as a protection tool against global economic risks, Strive Enterprises said that spot Bitcoin ETFs are the trigger for Bitcoin integration and that it aims to benefit from the rise in BTC ETFs.
“With this move, Strive is focused on integrating Bitcoin into the standard portfolios of everyday Americans as a hedge against the full range of risks we expect to persist over the next several decades, including unsustainable global debt levels, long-term inflationary pressures, persistent geopolitical pressures, and potentially restrictive monetary controls.”
Stating that its new asset management arm aims to integrate Bitcoin into the portfolios of ordinary Americans, Strive raised $30 million in investment led by Cantor Fitzgerald, who provides banking services to Tether.
“Strive’s focus on delivering true financial freedom to our clients (through Bitcoin integration) differentiates our Asset Management business from nearly all of our major competitors today,” said Matt Cole, CEO of Strive. “Our growth to date in Asset Management has been driven almost entirely by retail clients, and our expansion into asset management will allow us to serve these clients more fully.”
*This is not investment advice.