Strive’s Bitcoin Integration for Economic Risk Hedging
Strive Enterprises, Inc. has announced its foray into the world of Bitcoin by launching a new wealth management business in Dallas, Texas. This strategic move aims to incorporate Bitcoin into mainstream investment portfolios, providing clients with a hedge against prevalent economic risks such as high debt levels, inflation, and potential global instability.
The company’s vision is to become a prominent financial firm known for thoughtfully integrating Bitcoin into client portfolios. By including Bitcoin (BTC) in its investment strategy, Strive aims to mitigate risks anticipated to persist over the coming decades.
Traditional Finance Embracing Bitcoin
Strive’s decision reflects a growing trend among financial institutions to diversify options for safeguarding clients’ wealth in the long term. Led by Gary Dorfman and Randol Curtis, Strive’s new wealth management division plans to make Bitcoin a core component of standard portfolios.
As part of this expansion, Strive is moving its corporate headquarters from Columbus, Ohio, to Dallas, with the majority of its staff expected to complete the relocation by early 2025. Besides wealth management services, Strive will continue to oversee its asset management business, which currently manages assets exceeding $1.7 billion.
Vivek Ramaswamy, co-founder of Strive and a former presidential candidate known for supporting crypto-friendly policies, expressed his endorsement of the move. Ramaswamy emphasized the moment’s significance in launching a wealth management business that champions financial freedom and integrates Bitcoin into standard portfolios, wishing the team success in this new phase of Strive’s journey.
