Ex-Trump Adviser Bannon Says Cryptocurrency Will Bring 'True Freedom’

Former chief strategist for U.S. president Donald Trump and staunch right-wing propagandist, Steve Bannon, has now begun to endorse cryptocurrency and the potential effects of blockchain technology. In multiple events and lectures as part of his European speaking tour 2018, Bannon has mentioned that Blockchain has applications in both finances as well as other industries and that cryptocurrency is the heart of the populist movement in Switzerland.

Bannon was also former executive chairman of Breitbart News and former member of the National Security Council in the US where he was discharged. He now praises the working of Blockchain for providing an alternative to traditional banking and creating a decentralized system, by stating "Central banks are in the business of debasing your currency. Central governments are in the business of debasing your citizenship. The central technology conglomerates are in the business of debasing your own personal sovereignty and your own personal data".

He claims that by using cryptocurrency one can evade the constraint of elitist banks and find an escape in a fairer economy. According to him if the central banks are out of work then the people regain power, “Once you take control of your currency, once you take control of your data, once you take control of your citizenship, that's when you're going to have true freedom".

Bannon’s solution to overthrowing the static and oppressive system of economic oppression is by collaborating in populist movements. He has since promoted one in the U.S. His lectures and political rallies commending cryptocurrency have been well received by Europeans on his tour this year.