Ex-White House adviser on the prospects of cryptocurrencies

Steve Bannon, an American businessman, former White House chief adviser and marketing strategist, and member of the US National Security Council, shared his views on Bitcoin and cryptocurrencies with New York Times reporters.

Regardless of your personal opinion of him, it's great to see such a well-known media and political figure speak on a big stage and share his optimistic view of cryptocurrencies with the public. 

After an interview with The New York Times, readers suggested that despite his optimistic views, Bannon did not want to say too much, on the assumption that his controversial reputation could negatively affect the market and hamper the development of his current projects he is working on.

The businessman told reporters that he had recently been spending time among cryptocurrency enthusiasts and studying the ideas behind initial coin offerings (ICOs) and similar types of investments. 

The New York Times is also reporting that Bannon is considering an ICO with his current investment firm, Bannon & Company.

According to the New York Times:

"The project Steve Bannon is working on is in the early stages. However, he has expressed interest in helping entrepreneurs - and even countries - create their own cryptocurrencies. According to Bannon, cryptocurrencies have many similar ideas to the ones that brought him into the movement Tea Parties: they are erasing the old rules, they exist on the periphery and they challenge powerful figures and institutions that have been around for a long time.”

In his interview, Bannon spoke positively about cryptocurrencies, but he sees the greatest opportunity for his company in the field of ICOs. Rumor has it that during the interview he also confirmed that he has a “decent amount” of bitcoins.

What follows from this?

Bannon is a famous, if odious, political figure. Money is his driving force, and he apparently realizes that he can make good money in this industry. Whether you love him or despise him, you should respect him as a man with vast financial experience. His decisions have helped him become rich financially, so his bullish stance on cryptocurrencies may mean we should feel more confident about the future of cryptocurrencies.

According to cryptodaily