• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
Steve bannon bitcoin trump

Bitcoin has a ‘Big Future’ Says Donald Trump’s Ex-Chief Strategist

davitbabayan
by davitbabayan
1 month ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US President Donald Trump is not a big fan of bitcoin. But that does not stop his former advisers from saying positive words about the world’s most expensive crypto asset.


Bannon on Bitcoin

Steve Bannon, who was the chief strategist to Trump during his first seven months in the White House, thinks cryptocurrencies like bitcoin have a big future. The controversial right-winger said in an interview with CNBC Squawk Box that he was confidently purchasing the cryptocurrency when it was going down during the 2018 meltdown, adding:

I think they could be a very important part going forward particularly in this global populist revolt.

"I think cryptocurrencies have a big future," says Steve Bannon. "I think they could be a very important part going forward particularly in this global populist revolt." pic.twitter.com/lYce7qzrIY

— Squawk Box (@SquawkCNBC) August 2, 2019

Populism, according to many political think tanks, defines the cause of ordinary persons in a democracy against vested interests. Bitcoin, which rose to fame in the wake of the 2008 financial crisis, has long posed itself as an independent currency, wherein the community joins hands to produce fresh bitcoin tokens (with a hard cap of 21 million) units), confirm transactions, and maintain the entire transactional history on an unhackable public ledger.

Bannon, who has long been a part of the so-called ‘bitcoin revolution’, has repeatedly claimed that he likes the cryptocurrency. In an interview last July with CNBC, he claimed that he owns some as well.

“They are the future,” Bannon said of cryptocurrencies.

Differing Views

Bannon was speaking on the sidelines of Trump’s announcement to slap additional tariffs of $300 billion on Chinese imports. The conversation slipped into the area of cryptocurrencies when one of the CNBC hosts asked Bannon about his views of Facebook Libra. A cryptocurrency enthusiast, Bannon insisted that Libra is an answer to China’s WeChat that could boost dollar’s online users across the world, especially in the countries that are already testing such solutions.

He said,

People have to confront how China and third world countries are starting to put payment systems in place that are going to try to give them global dominance and be able to get off the reserve currency of the dollar

The comments differ hugely with a majority of lawmakers and regulators in the US who see both Libra and Bitcoin as tools to run money laundering scams. Treasury Secretary Steven Mnuchin, in mid-July, called cryptocurrencies “a national security issue.”

Even though regulatory resistance persists, bitcoin cannot be stopped, admits U.S. Senator Mike Crapo (R-Idaho), who has also been involved in broader financial discussions, including regulatory frameworks around Idaho sports betting and digital assets.

If the United States were to decide, and I’m not saying it should, if the United States decided we didn’t want cryptocurrency to happen in the United States and tried to ban it, I’m pretty confident we couldn’t succeed in doing that because this is a global tech, a global innovation.

What do you make of Bannon’s pro-Bitcoin comments? Add your thoughts in the comment section below!


Images via Shutterstock, Twitter @SquawkCNBC, Washingtonexaminer.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
davitbabayan

davitbabayan

Follow

Full Profile

Related Posts

Bitcoin

Double Bullish Pattern Tips Bitcoin For $167,000 Target – Analyst

16 hours ago
Bitcoin bull

Time To Long Bitcoin? Market Expert Reveals When $600,000 BTC Will Happen

1 day ago
Bitcoin

$750 Million Bitcoin War Chest: Pompliano Prepping Mega Crypto Fund

1 day ago
Bitcoin Long-Term Holders Add Over 880K BTC In 30 Days – Conviction Growing

Bitcoin Long-Term Holders Add Over 880K BTC In 30 Days – Conviction Growing

1 day ago
GameStop

GameStop Preps War Chest For Potential $1.75 Billion Bitcoin Play

2 days ago
Bitcoin

$130K Bitcoin Will Trigger A HODL Frenzy, CEO Says

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • 2025’s Best Performing CloudMiner, Holding a Secret...

    3 hours ago
  • XRP and Doge Investors Quietly Move to APT Miner: Earning...

    4 hours ago
  • ETHRANSACTION Mining Platform: “Just tap your phone...

    4 hours ago
  • Solana (SOL) Holders Can Earn Up to $47,999 per Day Through...

    5 hours ago
  • ETHRANSACTION MINING PLATFORM SECURE, EASY AND PROFITABLE...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.