While Steve Bannon's comments put him at odds with President Trump on bitcoin and cryptocurrencies, their goals appear to be the same
Now, former White House chief strategist Steve Bannon has positioned himself opposite Trump, saying he thinks bitcoin and"cryptocurrencies have a big future."
Last month, Trump attacked bitcoin, branding it and other cryptocurrencies"unregulated crypto assets" that can"facilitate unlawful behavior, including drug trade and other illegal activity."including U.S. Treasury secretary Steven Mnuchin, who called bitcoin a"national security issue." Bannon's support of bitcoin and cryptocurrencies appear to be an attempt to head off Chinese and emerging market dominance, with CNBC quoting him as saying"[some countries] are starting to put these payment systems in that are going to kind of give them, try to give them, global dominance and be able to get off the reserve currency of the dollar."
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