RATE Group | Steve Bannon goes against Trump on bitcoin and cryptocurrencies
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Steve Bannon goes against Trump on bitcoin and cryptocurrencies

02 Aug Steve Bannon goes against Trump on bitcoin and cryptocurrencies

Posted at 17:01h in Cryptocurrency News by

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Steve Bannon, whose influence helped Donald Trump win the White House, disagrees with the president on bitcoin.

“Cryptocurrencies have a big future,” Bannon told CNBC on Friday. “They could be a very important part going forward, particularly in this global populist revolt.”

As an owner of bitcoin, Bannon said he had “enough foresight, enough courage to buy as it went all the way down.”

Bannon has generally towed the Trump line on hot-button issues since his departure as White House chief strategist in August 2017, not even a year after the presidential inauguration.

Last month, after Facebook’s June announcement of its Libra digital currency effort, Trump tweeted, “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” He added, “Unregulated Crypto Assets can facilitate unlawful behavior.”

Bannon said that governments, central banks and the banking industry want to “stay with fiat currency” so it’s no…

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