íàçâàíèå

Former Trump Advisor Steve Bannon Boasts of “Big Future” for Bitcoin and Crypto

All last month, the positive sentiment surrounding Bitcoin, crypto, and even Facebook Libra turned negative after United States President Donald Trump made some negative tweets about the digital asset class and its illicit use in criminal activities such as money laundering, cybercrime, drug trade, and more.

And while many Trump-appointed policymakers came out of the woodwork ready to kick crypto while it was down, a former Trump advisor is coming out in support of Bitcoin and crypto, saying it has a big future and will play an important role in the global populist revolt thats underway across the world.

Turning on Trump: Former Chief White House Strategist Supports Bitcoin and Crypto

While speaking on a segment of CNBC Squawk Box, recent Bitcoin skeptic turned believer Joe Kernen, who has vehemently defended the crypto asset against chief financial regulators, and other guests he has debated asks former White House chief strategist Steve Bannon what his thoughts are about Bitcoin and the entire asset class.

Related Reading | CNBC Host Pushes Bitcoin, Cites Halving and Scarcity As Catalyst for $55K BTC

Kernen jokingly asks Bitcoin Bannon if he was buying the crypto asset at recent bear market lows, to which he said he did indeed have the foresight and courage to buy as it crashed. From there Bannon expands on his beliefs around Bitcoin, suggesting that the asset class has a big future given the current political and economic climate.

Bitcoin itself he thinks will play a very important role in the global populist revolt underway across the world. Populism is a political orientation that focuses on the idea that the people and the government or ruling elite are at odds with one another. This idea is at the very core of crypto, and Bitcoin was designed to put power over money back in the hands of the people, and away from the control the current elite have over people due to it.

The United States first popularized the themes around populism alongside democracy in the 19th century. To this day, populism runs deep in American politics and some argue none more so ever than the current administration.

Bitcoin was also designed to be a replacement for fiat currencies and was hard-coded to have attributes that make it a strong hedge in a struggling economy, once it reaches its full potential.

Related Reading | United States Regulators Begin Crack Down on Crypto and Bitcoin Crime

Bannon is a believer in crypto and Bitcoin, and recently news broke of the former White House chief strategist working on a cryptocurrency project that rewards political activism and standing up against the same global populist movement that Bannon thinks Bitcoin will play an important role in.


Featured image from Shutterstock

The post Former Trump Advisor Steve Bannon Boasts of Big Future for Bitcoin and Crypto appeared first on NewsBTC.

02.08.2019 / 13:10 15
Bitcoin has a ‘Big Future’ Says Donald Trump’s Ex-Chief Strategist Bitcoin has a ‘Big Future’ Says Donald
US President Donald Trump is not a big fan of bitcoin. But that does not stop his former advisers from saying positive words about the world’s most
Steve Bannon To Release “Utility Tokens for the Populist Movement” Steve Bannon To Release “Utility Tokens
Steve Bannon, former chief strategist to U.S. President Donald Trump and one of the masterminds behind the tactics that led Trump to win the
Fmr. Trump Advisor Steve Bannon is Building a Utility Token Cryptocurrency Fmr. Trump Advisor Steve Bannon is
Former Trump advisor Steve Bannon may no longer have an office down the hall from the U.S. president, but he still thinks he can have a profound
Ex-Trump Chief Strategist Bannon: Cryptocurrencies Make Central Banks Redundant Ex-Trump Chief Strategist Bannon:
Bitcoin has always been considered by its staunch supporters a tool to bring about personal financial freedom from government control and censorship
Ex-Trump Adviser Bannon Says Cryptocurrency Will Bring 'True Freedom' Ex-Trump Adviser Bannon Says
Steve Bannon, the former aide to President Donald Trump and a firebrand of right-wing populist movements, is now touting the liberating potential of
Steve Bannon Lauds Cryptocurrency As A Tool To Resist the European Establishment Steve Bannon Lauds Cryptocurrency As A
Former Trump strategist Steve Bannon sees cryptocurrencies and Blockchain as tool for the anti-Establishment political movement. Steve Bannon, former
Comments (0)
Add a comment
Comment on