Ramaswamy’s Strive launches wealth management arm offering Bitcoin to clients
Strive Enterprises, an asset management firm co-founded by former United States presidential candidate Vivek Ramaswamy, announced a new wealth management unit on Nov. 1 that integrates Bitcoin into client portfolios.
“A key part of this business will include a focus on integrating Bitcoin into standard portfolios of everyday Americans as a hedge against risks Strive expects to persist over the next several decades,” Ramaswamy’s firm said in a Nov. 1 statement.
The firm cited unsustainable global debt levels, rising fixed-income yields, long-run inflationary pressures, geopolitical pressures, and potential restrictive monetary controls as examples.
It’s one of the latest examples of asset managers resorting to Bitcoin ( BTC ) to hedge against such risks.
Strive’s CEO Matt Cole explained: “Our focus on offering clients true financial freedom — through the thoughtful integration of Bitcoin — differentiates our Wealth Management business from nearly all major competitors today.”
“It’s striking that most wealth managers aren’t even thinking about integrating Bitcoin into client portfolios,” Ramaswamy added in a Nov. 1 X post.
Source: Vivek Ramaswamy
Strive’s new wealth management unit will be led by ex-Bernstein executive Gary Dorfman as president and ex-Morgan Stanley executive director Randol Curtis as chief investment officer.
The firm’s expansion is also paired with a relocation of Strive’s corporate base to Dallas, Texas.
The company expects most of its Columbus-based staff to relocate to Dallas by the end of March 2025.
Strive’s announcement follows its recent close of a $30 million Series B financing round led by Cantor Fitzgerald, which banks stablecoin issuer Tether. Its CEO, Howard Lutnick, is also a strong Bitcoin advocate.
Strive has amassed $1.7 billion worth of assets under management since launching its first fund in August 2022.
Related: Trump makes big promises about crypto in US — But can he deliver?
Ramaswamy ran as a Republican candidate until January when he dropped out and threw support behind former president Donald Trump.
He was briefly touted as a potential running mate for Trump before Ohio Senator JD Vance was chosen as the Republican vice-presidential nominee in July.
Strive’s Bitcoin announcement comes days ahead of the US presidential election scheduled for Nov. 5.
Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky
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
Uniswap front-end transaction fees have reached $182.88 million
Trump Exempts Tech Devices from New Tariffs
Trump exempts smartphones, computers, and chips from new tariffs, easing pressure on the tech and crypto industries.Major Tech Relief as Trump Exempts Devices from TariffsCrypto Sector Also Stands to BenefitPolicy Shift Aims to Stabilize Markets

Can You Still Mine Bitcoin at Home in 2025?
Discover four practical ways to mine Bitcoin at home in 2025, from USB miners to compact ASIC rigs.USB Bitcoin Miners: For Hobbyists and LearnersHome-Friendly ASICs: Efficiency in a Small PackageHosted Mining at Home: Remote Hardware, Local ControlRenewable-Powered Rigs: Go Green, Save CostsFinal Verdict: Feasible, But Strategic

Shaq Settles $11M NFT Suit, BTC Eyes $100K by June
Shaquille O’Neal settles $11M NFT lawsuit, while Bitcoin eyes a $100K rally by June. Here’s your weekly crypto recap.Shaq to Pay $11M in Astral NFT Lawsuit SettlementBitcoin Eyes $100K by June, Says Analyst ConsensusMarket Roundup: Bullish Across the Board

Trending news
MoreCrypto prices
More








