Ousted by Trump administration, Bannon looks towards cryptocurrencies

Things have not been going Stephen Bannon’s way lately. He got ousted from the Trump administration in August last year and from far-right publication Breitbart News in January this year. But it appears he has a new masterplan to make a grand comeback.

A report from the New York Times (NYT) indicates that the former President Trump’s Chief Strategist is now betting on cryptocurrencies. He already has a ‘good stake’ in Bitcoin and plans to help companies — even, countries —  create new virtual currencies of their own.

Bannon didn’t reveal his exact plans with cryptocurrencies to NYT — fearing his controversial status may badly impact ‘projects just getting off the ground,’ but left multiple cues.

Among other things, Bannon seems to be exploring the realm of initial coin offerings (ICOs).

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