Vivek Ramaswamy Foresees Bitcoin As A 'More Common' Corporate Treasury Holding As Era Of Easy Money Ends

Entrepreneur-turned-politician Vivek Ramaswamy anticipated Bitcoin (CRYPTO: BTC) to become a popular corporate treasury holding on Tuesday.

What Happened: In an X post, the Republican noted that as the era of easy money ends, companies and state institutions will need to reassess their internal capital investment strategy.

“Bitcoin is likely to become a more common corporate treasury holding in that environment. Interesting trend to watch,” Ramaswamy projected.

The remark came in response to Strive CEO Matt Cole’s plans that the company would use its activist expertise to help at least one firm per sector adopt the Bitcoin standard. Cole also revealed that Strive was among the investors who proposed Bitcoin investments for tech giant Microsoft.

Notably, Strive was co-founded by Ramaswamy in early 2022.  

See Also: US Could Sell Its Gold To Set Up Potential Bitcoin Reserve, Says Bernstein: Will It Ignite A ‘Global Race’ To Buy BTC?

Why It Matters: Ramaswamy’s Strive had previously announced plans for an exchange-traded fund that would seek exposure to convertible securities issued by Bitcoin-investing companies such as Strategy.

The Michael Saylor-led firm is the world’s largest corporate Bitcoin holder, sitting on a reserve worth over $45 billion as of this writing, according to bitcointreasuries.net.

Ramaswamy’s stance on the cryptocurrency industry has been positive. During his run for the Republican presidential nomination, he favored treating most cryptocurrencies as commodities and prioritized the protection of software developers and owner-operated digital wallets. He even started accepting Bitcoin payments for campaign donations.

Price Action: At the time of writing, Bitcoin was exchanging hands at $95,592.79, down 0.56% in the last 24 hours, according to data from Benzinga Pro.

Photo by Consolidated News Photos on Shutterstock

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.