Bitcoin is a part of a global populist revolt

1 min reading

Donald Trump's ex-advisor, Steve Bannon, shares his opinion about cryptocurrencies. He believes that Bitcoin is a part of society's rebellion.

Steve Bannon's activity

Steve Bannon was one of the most important of Trump's advisors when he was starting as a president. Bannon had also been a White House Chief Strategist, as well as a vice-chairman of Cambridge Analytica. This company is said to be involved in personal data leaks from Facebook. After leaving presidential administration, he started to advise politicians, who were against the Republican Party in the United States. Besides professing in political affairs, Bannon is also a businessman and is connected with media. He's a co-producer of a documentary film about Ronald Reagan. He co-founded Breitbart News, a far-right website.

Bannon and cryptocurrencies

It's not the first time that Bannon has said something about crypto. He has admitted to having BTC on his cryptocurrency wallet. He strongly believes that Bitcoin is key to a great global rebellion:
Cryptocurrencies have a big future. They could be a very important part going forward, particularly in this global populist revolt.
In March, Trump's ex-advisor had a lecture in Zurich, where he shared his opinion about cryptocurrency's potential. In his opinion, Bitcoin and blockchain technology have enough power to help fend institutions and governments from uncomfortable rules and strategies. Bannon has also emphasized that cryptocurrencies are a great way to become independent of the American dollar. Bitcoin, like Libra, is a danger to traditional payment methods.