Former Trump Chief Strategist Steve Bannon has invested heavily in the Let’s Go Brandon crypto. Trump campaign advisor Boris Epshteyn also took a position in the cryptocurrency, which trades as $FJB.
BREAKING: Steve Bannon & Boris Epshteyn have taken strategic ownership positions in the $FJB cryptocurrency.
“We are building a community you can be a part of.”
This is HUGE.
— Ryan Fournier (@RyanAFournier) December 23, 2021
Steve Bannon invests in the Let’s Go Brandon crypto
Ryan Fournier, founder of Students for Trump, tweeted about the investments in the Let’s Go Brandon crypto by Steve Bannon and Boris Epshteyn. He said they are “building a community you can be a part of,” adding that “this is HUGE.”
According to The Post Millennial, Bannon has backed cryptocurrency since at least 2018.
Background on the cryptocurrency
The Let’s Go Brandon cryptocurrency was originally created to troll President Joe Biden, and it launched on Oct. 22. However, it has continued to increase in price since then, rising to a market capitalization in excess of $71 million.
As of Nov. 19, the Let’s Go Brandon cryptocurrency already had a market cap of about $55 million. The creators of the crypto decided to donate $50,000 to a veteran’s organization to show their gratitude for how popular the token has become.
The phrase “Let’s go Brandon” became a euphemism for insulting Biden after the 2021 Sparks 300 at Talladega Superspeedway. NBC reporter Kelli Stavast heard the crowd chanting “F*** Joe Biden” and heard it incorrectly, saying that the crowd was chanting “Let’s go Brandon.” Crowds had been chanting the insult about Biden since at least September.