Anthony Scaramucci, the founder of SkyBridge Capital, is investing in a crypto company founded by the former president of FTX US.
Scaramucci told Bloomberg in an email that he will invest his personal funds to support former US FTX president Brett Harrison’s new venture, which was revealed just three weeks after the collapse of the FTX crypto exchange.
It is understood that the as-yet-unnamed crypto software company will enable crypto traders to create algorithmic strategies to access various markets, both centralized and decentralized.
It is also understood that Harrison was seeking a fundraising goal of $10 million for a $100 million valuation.
In a Jan. 14 tweet, responding to Harrison’s long-winded thread about Sam Bankman-Fried and his time at FTX US, Scaramucci said he was “proud” to be an investor in Harrison’s new company.
Brett I am proud to be an investor in your new company. Go ahead. Don’t look back. I wish you the best.
— Anthony Scaramucci (@Scaramucci) January 14, 2023
Harrison responded to the tweet thanking Scaramucci, adding that “Your support and advice means the world to me. I can’t wait to work together.”
The amount of capital and shares held by Scaramucci, however, was not disclosed.
Harrison’s new crypto venture was first hinted at on September 27, when he announced that he was stepping down as president of FTX US.
At the time, he said he was stepping down as president but would remain in an advisory role for the next several months.
“I can’t wait to share more about what I’m doing next,” he said at the time.
In his latest Twitter thread, Harrison has been revealed that he left the company after his relationship with Bankman-Fried soured and that the troubles forced him to shift his “focus to the future and my own company”.
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Meanwhile, Scaramucci continues to have high hopes for a recovery in the crypto market this year, describing the market outlook for 2023 as a “recovery year.”
In an interview with CNBC on January 15, the crypto investor said he expects Bitcoin (BTC) to return to the $50,000-$100,000 range in the next two to three years.
“You take a risk, but you also believe in it [Bitcoin] acceptance. So if we get the adoption right, and I believe we will, this could easily be a fifty to a hundred thousand dollar asset over the next two to three years,” he added.
At press time, Bitcoin was currently trading at $21,240, up 21.77% over the past week.