Steve Bannon Remains A Strong BTC Supporter Despite Trump’s Hate

Steve Bannon, the long term bitcoin bull and crypto supporter but most importantly the architect of the Trump campaign, remains a strong supporter despite Trump’s negative stance on cryptocurrencies as we read in the latest cryptocurrency news.

When he was speaking with CNBC, Steve Bannon boasted that he had the courage and strength to buy Bitcoin as its price dropped down in 2018 crashing from the previous high of $20,000 to a low of more than $3,100. He stated:

 “I would like to say I had enough foresight and enough courage to buy as it went all the way down.’’

The bitcoin price was trading today at $10,560 which means that Bannon was highly rewarded and some other crypto investors as well that survived the ‘’crypto winter.’’ Steve Bannon had a bullish bet that led Joe Krenen himself who is also a budding Crypto Twitter darling to create a new nickname for the Breitbart executive chairman to ‘’Bitcoin Bannon.’’

Steve Bannon says that his interest in cryptocurrency is now more than speculative. The remarks he made in the past he stated that crypto technology would be a huge and important part of this new true passion project which is the ‘’global populist revolt.’’

 “I think cryptocurrencies have a big future, I really do. I think they can be a very important part going forward, particularly in this global populist revolt.’’

Previously, Bannon called bitcoin and its usage a ‘’disruptive populism’’ and stated that the cryptocurrency is a revolutionary technology because it takes back the control from the central authorities which are central banks and US Federal Reserve who have strict monetary policies and have been causing President Trump so much consternation in the past year. Bannon even noted that he is considering launching its own ‘’utility token for the populist movement’’ but it is still not appear that the plans are going really anywhere.
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As noted in the coming altcoin news, Trump stated that he is not a fan of bitcoin and some of the cabinet officials have railed against the cryptocurrency and connected it with criminal activity. The Treasury Secretary Steven Mnuchin even warned that it could even become a national security risk and a huge threat to the global financial system.