Former Trump advisor Steve Bannon says: Global populism will help drive the development of cryptocurrencies.

Steve Bannon, former Trump aide and head of news website Breitbart, stated that due to the current geopolitical climate, the future prospects of cryptocurrency are even more promising.

"I think this movement is a very important part of cryptocurrencies, especially in this global populist struggle," Steve Bannon said.

In response to previous statements made by Trump, Bannon expressed in a report that he believes the Federal Reserve's monetary policy is too strict, and cryptocurrencies offer meaningful alternatives to traditional investments.

When asked about Facebook's cryptocurrency project Libra, Bannon mentioned that the project lacks the resources or support to compete in the banking sector.

Bannon stated:

Central banks, in fact, want the banking industry to enter the cryptocurrency realm and regulate it, while insisting on maintaining the value of fiat currency.

Alternative payment channels like Libra pose a challenge to the US dollar's reserve currency status.

I believe Facebook's project poses a significant challenge to China's Tencent and Alibaba payment systems. However, what people must now pay attention to is that countries like China and those in the third world, such as sub-Saharan Africa, South Asia, or Latin America, are beginning to integrate these payment systems into their countries, attempting to dominate globally and break free from the US dollar's reserve currency.

As cryptocurrency users continue to grow, not only in mainstream markets but also in places like Iran, Cuba, and many third world countries, they have begun to use cryptocurrency as a store of value and a means of payment, undoubtedly affecting the international status of the US dollar and making everyone curious about how cryptocurrencies will impact the international situation of the next generation.

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