Steve Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, confirmed his plans to enter the cryptocurrency market July 18, telling CNBC he was “working on” his own tokens.
As part of an extensive interview on a range of current affairs subjects, Bannon told the network he owned an unspecified amount of Bitcoin (BTC), adding “We are working on some tokens now, utility tokens, potentially for the populist movement on a worldwide basis.
But they have to be quality.” Bannon also noted that he thinks “90 percent of the ICOs [Initial Coin Offerings] have been a disaster,” as the problems lies in their overabundance: “Too many investors I think have been blown out by things that are not thought through.” Bannon had previously made a name for himself as a strong proponent of cryptocurrencies, Bitcoin in particular, arguing it could become a tool to resist what he described as the “European establishment.” The collaborative effort on issuing his own tokens would likely be through talks with investors and hedge fund managers, as Cointelegraph previously reported, Bannon thereafter distributing them via his private investment firm.
Steve Bannon considers 90% of the ICOs to have been a ‘disaster’, blowing out too many investors as they haven’t been ‘thought through’. He also reiterates that he likes Bitcoin and that cryptocurrencies are the future.
In a study, Fundstrat’s head of research Thomas Lee noted that Bitcoin declines about 18 percent, leading to the Bitcoin futures expiration on the CBOE. So, if the theory holds good this time, we should see a recovery in Bitcoin from next week.
Steve Bannon, the former Chief Strategist of President Trump, once Trump’s close ally and advisor, and former Chairman of Breitbart News Network, seems to be having ideas on launching his own cryptocurrency.
Steve Bannon, the former White House Chef Strategist, American media mogul and former Chair of Breitbart news has spoken to the New York Times during which time, he revealed his opinions towards Bitcoin and cryptocurrencies.
The former chief strategist to President Donald Trump and one time head of alt-right publication Breitbart is thinking of rallying up the basket of deplorables into buying some “deplorables coin” for his next project.
Making his first public appearance as a presidential candidate, Robert F. Kennedy Jr. outlined his vision for supporting Bitcoin and freedom in the U.S.
“As a contested election deepens a crisis of legitimacy, Bitcoin presents an alternative to the existing system of governance.”
The post Bitcoin Responds To American Vote Of No Confidence In Electoral Politics appeared first on Bitcoin Magazine.
Digging into the USD data shows that it doesn’t matter who the president is. The money printer will go BRRR and Bitcoin will win.
The post As Red And Blue Debate, Green Printer And Orange Coin Always Win appeared first on Bitcoin Magazine.
The U. S. Department of Justice (DoJ) released an indictment on July 13 charging twelve Russian nationals with committing federal crimes — funded by cryptocurrencies — with the aim of “interfering” in the 2016 U.
In a study, Fundstrat’s head of research Thomas Lee noted that Bitcoin declines about 18 percent, leading to the Bitcoin futures expiration on the CBOE. So, if the theory holds good this time, we should see a recovery in Bitcoin from next week.
