Steve Bannon, former #chief strategist to U.S. President Donald Trump, confirmed that he wants to launch a #cryptocurrency of his own.
Speaking to #CNBC on Wednesday, the Breitbart co-founder said "they're the future," adding that "we're working on some tokens now, utility tokens, potentially, for the populist movement on a #worldwide basis." Bannon first hinted at the idea in June, though at the time he was hesitant about revealing too many details of his cryptocurrency plans, according to the #New #York Times.
He did contemplate naming his #token the "deplorables coin" at the time, referencing a term used by former Secretary of State and presidential candidate #Hillary #Clinton to describe Trump's supporters during the 2016 presidential #campaign.
On #Wednesday, Bannon spoke about the cryptocurrency space more broadly as well, saying "I think these #cryptocurrencies have a huge aspect in the #future. Obviously, there's problems in the markets, problems about what it's used for." That being said, he said most ICOs have been disasters. As such, #Bannon insisted the #product he and his #team are currently #working on has to have "quality." Bannon also commented on a few other #cryptocurrencies in the markets already, saying, "I like #bitcoin. I own bitcoin," but saying he does not own any #ethers.