Steve Bannon, a former adviser to the U.S. President Donald Trump, who helped him win the presidency in 2016 as the campaign’s chief strategist has stated that cryptocurrency and the blockchain technology has the potential to bring true freedom.
At an event in Zurich which was sponsored by the Swiss newspaper Die Weltwoche, Bannon indicated the financial and nonfinancial applications of blockchain technology, including its use in the management of personal data.
During his lecture at the event, Steve explained that cryptocurrency and blockchain technology is the very heart of a populist movement in Switzerland. He praised the importance of decentralization in today’s society. According to him, “Central banks are in the business of debasing your currency. Central governments are in the business of debasing your citizenship. The central technology conglomerates are in the business of debasing your personal sovereignty and your own personal data.”
When Bannon was a member of the National Security Council, he often criticized financial elites, especially those in Silicon Valley and Wall Street. He is now describing cryptocurrency as a perfect tool to escape the control of such elites. “We take control of the central banks away. That will give us the power again. Once you take control of your currency, once you take control of your data, once you take control of your citizenship, that’s when you’re going to have true freedom”, Bannon said.
Steve Bannon went on to say that 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 United States.