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Stephen Bannon’s Going To War With Banks Using Bitcoin
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Stephen Bannon’s Going To War With Banks Using Bitcoin

Stephen Bannon, U.S. president Donald Trump’s former chief strategist, has revealed he’s already gearing up for his next battle with the establishment this time he’s taking on the banks with bitcoin and cryptocurrency. Bannon, who has spent much of the past few months traveling Europe and speaking to the continent’s emerging populist political class, spoke of his plans for bitcoin and cryptocurrencies to the New York Times.

According to the NYT, Bannon is “betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics.” Bannon’s controversial politics make him a prime candidate for bitcoin and cryptocurrency adoption, with organizations and governments who anger the likes of payments giants Visa and MasterCard as well as the rest of the U.S., led, established a financial system often finding themselves locked out of it. “It was pretty obvious to me that unless you got somehow control over your currency, all these political movements were going to be beholden to who controlled the currency,” Bannon told the Times.

Bannon thinks that virtual currencies can help citizens take back power from the central banks that “debase your currency” and make citizens “slaves to debt.” The Times reports Bannon has recently had private meetings with cryptocurrency investors and hedge funds on so-called initial coin offerings (ICOs) through his investment business, Bannon & Company.

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