Trump Advisor Vivek Ramaswamy Adds Bitcoin to $1.7 Billion Asset Management Firm - Decrypt
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Trump Advisor Vivek Ramaswamy Adds Bitcoin to $1.7 Billion Asset Management Firm
Financial services firm Strive, which was co-founded by Donald Trump advisor Vivek Ramaswamy, will begin offering Bitcoin under a new wealth management business. Strive Asset Management, a financial services firm co-fou
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Summary
- 💼 Vivek Ramaswamy, a Trump advisor, is integrating Bitcoin into his $1.7 billion asset management firm, Strive Asset Management, as part of a new wealth management initiative.
- 🌟 The firm aims to make Bitcoin a standard part of investment portfolios for everyday Americans, citing economic factors like rising debt and inflation as reasons for its inclusion.
- 📈 Strive recently completed a $30 million Series B funding round led by Cantor Fitzgerald, with Ramaswamy emphasizing a pro-capitalism approach to financial freedom.
- 🗳️ With the upcoming election, Ramaswamy's firm is aligning with pro-crypto sentiments associated with Trump, potentially benefiting from a Trump reelection.
- 📊 Analysts suggest that if Trump wins, Bitcoin prices could soar, with predictions of reaching $90,000.
Top Highlights
- Trump Advisor Vivek Ramaswamy Adds Bitcoin to $1.7 Billion Asset Management Firm Financial services firm Strive, which was co-founded by Donald Trump advisor Vivek Ramaswamy, will begin offering Bitcoin under a new wealth management business.
- Strive Asset Management, a financial services firm co-founded by former Republican presidential candidate Vivek Ramaswamy, said Friday that it’s embracing Bitcoin in Texas. Managing $1.7 billion in assets, the company said in a press release that a core part of its business moving forward will be “integrating Bitcoin into standard portfolios of ev...
- Part of Strive’s new wealth management business, the firm cited “unsustainable global debt levels, rising fixed income yields, long-run inflationary pressures, persistent geopolitical pressures, and potential restrictive monetary controls” as factors making Bitcoin a valid hedge. Meanwhile, Strive announced that it had completed a $30 million Seri...
- “The moment is now ripe to launch a pro-capitalism wealth management business focused on true financial freedom, with a focus on integrating Bitcoin into standard portfolios,” Ramaswamy said in a statement, pointing to shifts in environmental, social, and governance (ESG) attitudes. With four days until Election Day, Ramaswamy’s firm is aligning i...
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