Steve Bannon discussed with hedge funds and private investors the possibility of holding an initial coin offering (ICO) for his company Bannon & Company. This is reported by The New York Times.
Bannon declined to disclose the details of the results of the talks out of fear that his ambiguous reputation could harm future plans. However, the ex-adviser admitted that he kept some of his savings in bitcoin. Moreover, he believes that crypto-currencies challenge the authorities and individuals engaged in "destructive populism".
It takes control back from central authorities. It’s revolutionary.
Former Trump Advisor
Bannon has shown interest in digital currencies since at least 2016. However, it has became known for the general public about this only in 2017, after Bannon left the White House.
This year, he said that blockchain technology gives people "true freedom". Speaking of prominent figures in the crypto world Steve Bannon said that 'these guys are visionaries'.
Earlier the ex-adviser said that he helps other people to create their own cryptocurrencies. In addition, Bannon even considered the possibility of creating his own digital currency called "deplorables coin". It was "deplorables" that Hillary Clinton called the supporters of Donald Trump.