Bannon Backs Bitcoin: Fmr White House Chief Strategist Enters Crypto Market

Influential political strategist Stephen K. Bannon predicts that Bitcoin and other cryptocurrencies will disrupt the banking system. Moreover, according to The New York Times, he wants to help entrepreneurs and countries to create and issue their own cryptocurrencies.

Bannon Has a “Good Stake” in Bitcoin

For many, Bannon was a major actor in masterminding the 2016 U.S. presidential elections. Subsequently, he was the White House Chief Strategist for the first seven months of President Donald Trump’s administration.

Besides his experience in the political arena, Bannon is also experienced in the banking industry. In fact, he was an investment banker and then a vice-president at Goldman Sachs.

Bannon was also the executive chairman of Breitbart News Network, which is a far-right syndicated news, commentary and opinion website.

Now, Bannon is expanding his interest in Bitcoin. The New York Times writes:

Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics.

Reportedly, Bannon already has laid out plans regarding cryptocurrencies, which he is in the early stages of implementing. Details of his plans are as yet unknown. In this regard, The New York Times reports that he does not want to reveal his plans because “he worries that the controversy that comes with his name could have a bad impact on projects just getting off the ground.” […]

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