In an interview with CNBC’s Squawk Box on Aug. 2. Stephen Bannon, the former Chief Strategist for U.S. President Donald Trump’s administration, revealed his interest towards for Bitcoin (BTC), seeing it as part of a “global populist revolt”.
Steve Bannon, disagrees with the president’s view on bitcoin and libra. As an owner of bitcoin, Bannon believes that it has a “big future” and will play an important role in the “global populist revolt” that’s underway across the world.
During the interview, Kernen asked Steve “ if he was buying the crypto asset at recent bear market lows”
Steve Responded saying, “he did indeed have the ”foresight and courage” to buy as it crashed. He further continued saying that the asset class has a “big future” given the current political and economic climate.
Recently Trump claimed that “Unregulated Crypto Assets can facilitate unlawful behavior.” In response to this Bannon said that :
Governments, central banks and the banking industry wants to “stay with fiat currency” so it’s no surprise that they “get in there and regulate crypto.”
At present, Bannon’s interest towards cryptocurrency apparently gives a discourse to many countries creating their own digital assets based on their national wealth, bringing up the example of an Italian digital currency backed by the country’s marble deposits.