Steve Bannon, the former aide to President Donald Trump and a firebrand of right-wing populist movements, is now touting the liberating potential of cryptocurrency and blockchain technology.
Bannon alluded to both the financial and nonfinancial applications of blockchain, such as for managing personal data, on Tuesday at an event in Zurich sponsored by the Swiss newspaper Die Weltwoche.
The former head of right-wing media outlet Breitbart, who helped Trump win the presidency in 2016 as the campaign's chief strategist, lauded the importance of decentralization when he said:
Now the former media mogul is calling cryptocurrency a perfect tool to escape the control of such elites. Bannon said:
However, he went on to say the best way to “break” what he described as the globalized culture of economic oppression is with populist, nationalist movements like the one he popularized in the U.S.
His political rallying cries about cryptocurrency inspired resounding applause from the European audience.
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