Steve Bannon May Be Eyeing A Move Into The ICO Space

June 14, 2018 5:06 pm Published by

Speaking to Bloomberg Thursday, former chief strategist for U.S. President Donald Trump Steve Bannon said he has had meetings with investors and hedge funds about initial coin offerings (ICOs) relating to his investment firm Bannon & Company.

Bannon steadfastly refused to discuss details of the discussions or any plans, fearing his reputation could mar future products, CoinDesk reported.

Bannon did, however, admit he has a “good stake” in bitcoin, before repeating his belief the way cryptocurrency challenges people and institutions in power is “disruptive popularism,” the report said.

His description of bitcoin, CoinDesk said, is “it takes control back from central authorities. It’s revolutionary.”

Although he has had an interest since at least as far back as 2016, the report said, 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 noted he would like to help others to create their own cryptocurrencies, and has even touted in tongue-in-cheek fashion the possibility of creating his own, called “deplorables coin” – deplorables being the term Hillary Clinton once used to describe his supporters.

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

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