Scaramucci to Invest in a Crypto Company Formed by the Former Chief Executive of FTX US

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Last Updated on January 16, 2023 by Bitfinsider

Anthony Scaramucci, founder of SkyBridge Capital, is investing in a cryptocurrency startup formed by the former president of FTX US.

According to an email, Scaramucci stated that he would spend his own personal cash in Brett Harrison’s new initiative, which became public knowledge just three weeks after the collapse of crypto exchange FTX.

It is believed that the unnamed crypto software startup will enable crypto traders to construct algorithmic-based methods to access various marketplaces, both centralized and decentralized.

It is also believed that Harrison sought a fundraising goal as high as $10 million for a valuation of $100 million.

Scaramucci stated he was “proud” to be an investor in Harrison’s new company in a Jan. 14 tweet in response to Harrison’s lengthy thread about Sam Bankman-Fried and his experience at FTX US.

Harrison responded to Scaramucci’s tweet by saying, “Your support and advice means the world to me. I can’t wait to work together!”

Source: Twitter

However, Scaramucci’s capital investment and ownership share were not disclosed. Harrison’s new cryptocurrency company was initially alluded to on 27 September 2022, when he announced his resignation as president of FTX US.

At the time, he stated that he was leaving as president but would remain with the exchange for the next few months in an advising capacity.

“I can’t wait to share more about what I’m doing next,” he added at the time.

Harrison claimed in his most recent Twitter thread that he left the company after his relationship with Bankman-Fried unexpectedly deteriorated and that he shifted his “focus to the future and my own company” as a result.

Scaramucci continues to be optimistic about the crypto industry’s rebound this year, citing 2023 as a “recovery year” for the market.

The crypto investor stated in an interview on January 15 that he anticipates Bitcoin (BTC) to rebound to the region of $50,000 to $100,000 during the next two to three years.

“You are taking on risk but you’re also believing in Bitcoin adoption. So if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar asset over the next two to three years,” he said.

Currently, Bitcoin is trading at $21175, a gain of 21.77% over the past week.

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