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Steve Bannon made comments placing him firmly behind cryptocurrencies.
He made these statements at a conference in Zurich, Switzerland, citing cryptocurrencies as an anti-establishment tool for “regaining power in central banks.” According to Bannon, centralized control and the constant deflation of fiduciary currencies are a form of slavery that keeps citizens spinning. It has been said to the audience that “central banks have the task of devaluing your currency” and he suggested that cryptocurrencies would be a way to challenge them. Because banks can not control them, Bannon has described crypto-currencies as the heart of the anti-establishment movement, empowering citizens, businesses and governments to take action.
Cryptocurrencies have been described as a way to escape the banking supervision of fiduciary currencies, but Bannon has also identified centralized control of data as a huge problem. While Bannon was less clear here, it seems that he understood the potential of blockchain’s decentralized technology to put data back into people’s hands.
Bannon is well known for having held the post of White House chief strategist at the beginning of Trump’s presidential term, but he has also worked as an investment banker for Goldman Sachs. He is well versed in the financial system and has repeated every day the mantra addressed to him and others: “to increase shareholder value”. His comments come as part of his strongly anti-establishment political stance.
While some will embrace Bannon’s approval of cryptocurrency, others in the space will not be happy. Bannon’s political stance is firmly nationalistic and considerably straight, which goes against those who support cryptocurrency as a global, liberal movement seeking to transcend national boundaries. He co-founded Breitbart news, a right-wing publication, and is very noisy about reducing immigration and strengthening national borders.
The well-known character is no stranger to the virtual currency last year, he reported that he had spent $ 60 million on the World of Warcraft motto. He made the move in order to make easy money gold – increasing accounts with skills and levels. No information has been provided about Bannon’s cryptocurrency property, or specific projects supported by the figure.
Whether or not you agree with Bannon’s political views, he is a well-respected public figure, and his comments will probably draw more attention to cryptocurrencies and blockchain technology.
Image from Flickr / Gage Skidmore.
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