Steve Bannon, former Trump staffer and head of conservative news site Breitbart, said cryptocurrencies “have a big future" due to the current geopolitical atmosphere.
"[I] think they could be a very important part going forward particularly in this global populist revolt," Bannon said.
Echoing Trump, Bannon said the Federal Reserve’s monetary policy has been too tight and that cryptocurrencies present a meaningful alternative to fiat-based investments.
When asked about Facebook's digital currency project Libra, Bannon said it will not find friends in the banking community.
“The central banks and actually the banking community want to get in and regulate crypto. They want to still stick to fiat currency," he said on CNBC’s Squawk Box.
The development of alternative payment rails like Libra presents a challenge to the dollar’s reserve currency status.
Bannon is no foreigner to cryptocurrency markets. Among other involvements, Bannon's firm Bannon & Company floated the idea of launching multiple initial coin offerings.
Steve Bannon image via CoinDesk archives