Steve Bannon is getting into cryptocurrency and has talked about creating 'deplorable coin'

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Steve Bannon, President Donald Trump's former chief strategist, is getting into cryptocurrencies.

Bannon said he took a significant position in bitcoin and is considering creating a new cryptocurrency called "deplorable coin."

Bannon was introduced to cryptocurrencies by Brock Pierce, a former child actor in the "Mighty Ducks" movies.

Steve Bannon wants in on the cryptocurrency craze.

Bannon, President Donald Trump's former chief strategist and the former head of the far-right website Breitbart, has invested in bitcoin and is making plans to dive into the cryptocurrency markets according to a new report from the New York Times.See the rest of the story at Business InsiderNOW WATCH: This top economist has a radical plan to change the way Americans voteSee Also:GOP candidates are hitting the trail with an all-star cast of former Trump aides as his grip on the party is more intense than everTrump calls media America's 'biggest enemy' in angry tweet about North Korea summit coverageHere's how world leaders are reacting to the historic Trump-Kim summitSEE ALSO: Trump's trade war is about to kick into high gear