RATE Group | Crypto to Become Part of ‘Global Populist Revolt’
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Crypto to Become Part of ‘Global Populist Revolt’

11 Aug Crypto to Become Part of ‘Global Populist Revolt’

Posted at 15:33h in Cryptocurrency News by

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Stephen Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, sees Bitcoin (BTC) as part of a “global populist revolt.” Bannon expressed his admiration for the cryptocurrency in an interview with CNBC’s Squawk Box on Aug. 2.

“Global populist revolt”

Bannon argued that the leading digital currency Bitcoin could be a very important part in “this global populist revolt,” with cryptocurrencies having a big future.

Bannon thus reiterated words from his lecture in Zurich this spring, when he stated that cryptocurrencies and blockchain will “empower movement, empower companies, empower governments to get away from the central banks that debase your currency and makes slave wages.”

Bannon further stipulated that he anticipates that developing countries will use cryptocurrency to escape the dependence on the U.S. dollar as a reserve currency. Bannon said:

“I happen to think that Facebook was principally against some…

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