Steve Bannon May be Eyeing a Move into the ICO Space

June 14, 2018
74 Views

Not content with disrupting U.S. politics, Steve Bannon now wants to disrupt the financial system with a move into the crypto space, according to a new interview.

In a Bloomberg article published Thursday, Bannon – who was previously chief strategist for President Donald Trump and executive chairman of Breitbart News – told the news source that he has had meetings with investors and hedge funds about initial coin offerings (ICOs) in relation to his investment firm Bannon & Company.

However, he wouldn’t discuss details of any plans over fears his controversial reputation could mar future projects.

Notably, the political-heavyweight-turned-investor also revealed he has a “good stake” in bitcoin, before restating his belief that the way cryptocurrency challenges the people and institutions in power is “disruptive populism.”

He said:

“It takes control back from central authorities. It’s revolutionary.”

Although he has had an interest since at least as far back as 2016, Bannon’s growing fondness for the technology become widely known after he left the White House in August 2017 – on a speaking tour last year  he said cryptocurrency and blockchain technology will bring “true freedom.”

According to the article, Bannon has previously said he would like to help others to create their own cryptocurrencies, and has even touted the possibility of creating his own, called “deplorables coin” – deplorables being a term Hillary Clinton once used to describe his supporters.

Talking about notable figures in cryptocurrency, he said, “These guys are visionaries.”

Steve Bannon image via Flickr/Gage Skidmore

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

https://www.coindesk.com/steve-bannon-may-be-eyeing-a-move-into-the-ico-space/

You may be interested

3 Reasons Privacy Coins Are Unlikely to Overtake Bitcoin
Bitcoin
3 views
Bitcoin
3 views

3 Reasons Privacy Coins Are Unlikely to Overtake Bitcoin

btcethereumadmin - November 20, 2018

When people give reasons for various altcoins’ inability to overtake bitcoin as the dominant digital asset in the world, the…

Crypto Payments Processor BitPay to Support Paxos Stablecoin
Crypto News
Crypto News

Crypto Payments Processor BitPay to Support Paxos Stablecoin

btcethereumadmin - November 20, 2018

Crypto startup Paxos is partnering with payments firm BitPay to allow the latter’s merchants utilize the Paxos Standard stablecoin in…

ICE’s Bakkt Delays Bitcoin Futures Launch
Crypto News
Crypto News

ICE’s Bakkt Delays Bitcoin Futures Launch

btcethereumadmin - November 20, 2018

Intercontinental Exchange’s bitcoin futures trading platform is delaying its formal launch. Announced Tuesday via a company blog post, Bakkt’s first…

Leave a Comment

Your email address will not be published.