Vivek Ramaswamy, a former presidential contender, co-founded the asset management company Strive Enterprises, which has unveiled a new wealth management division that will integrate Bitcoin into its client portfolios. Launched on November 1, this effort seeks to give regular Americans access to Bitcoin as part of a diversified portfolio approach, thereby enabling “true financial freedom.” Strive’s leadership believes that incorporating Bitcoin can act as a safeguard against the expected economic challenges in the coming decades.
Strive cited a number of financial dangers as major motivators for this choice, including rising global debt, elevated fixed-income yields, inflationary patterns, and geopolitical tensions. The wealth management division of the business uses Bitcoin as a hedge against possible restrictive economic policies in order to assist clients in safeguarding and increasing their assets.
Chief Investment Officer Randol Curtis, formerly of Morgan Stanley, and President Gary Dorfman, a senior executive at Bernstein, are in charge of the new business. Their combined knowledge of conventional finance will help Strive achieve its objective of providing customers with a special fusion of conventional asset management and the cutting-edge advantages of Bitcoin.
By March 2025, Strive plans to transfer the majority of its Columbus employees and relocate its headquarters to Dallas, Texas. Cantor Fitzgerald led the company’s successful $30 million Series B investment round, which led to the opening of the wealth management division with a focus on Bitcoin. With more than $1.7 billion in assets under management since its establishment in 2022, Strive has rapidly established itself as a significant force in the financial services sector.
“Unapologetic capitalism,” Strive hopes to differentiate itself from its rivals and provide a different approach to wealth management that places an emphasis on self-reliance and resistance to market fluctuations. This new business is a step in the right direction, giving customers the resources they need for long-term financial security in these unpredictable economic times.
