Anthony Scaramucci, founder of SkyBridge Capital, is investing in a crypto firm founded by the former head of FTX US. Here are the details…
Scaramucci invests in a new cryptocurrency project
Scaramucci announced that he has invested in the fund of a manager of FTX US, the US arm of the bankrupt FTX exchange. In an email to Bloomberg, he said he will invest with his own personal funds to support former FTX US chairman Brett Harrison’s new venture, which emerged just three weeks after the collapse of crypto exchange FTX. It appears that the crypto software company, which has no name yet, will enable crypto traders to create algorithmic-based strategies to access different markets, both centralized and decentralized.
It also appears that Harrison is seeking a fundraising goal as high as $10 million for a $100 million valuation. In a January 14 tweet responding to Harrison’s lengthy 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. Harrison thanked Scaramucci and responded to the tweet, “Your support and advice means the world to me. I can’t wait to work together!” said. However, the amount of capital distributed and shares acquired by Scaramucci were not disclosed.
Harrison was on bad terms with the SBF
Harrison’s new crypto venture was first hinted at on September 27, when he announced he was stepping down as president of FTX US. At the time, he said he was stepping down as chairman but will remain in an advisory role on the stock market for the next few months. “I can’t wait to share more about what I’m going to do next,” she said at the time. In his most recent Twitter thread, Harrison stated that he left the company after his relationship with Bankman-Fried suddenly deteriorated, thus shifting his focus to the future and his own company.
Scaramucci hopeful for 2023
Meanwhile, Scaramucci continues to hold high hopes for the crypto market’s recovery this year, describing 2023 as the “year of recovery” for his market outlook. The crypto investor said in an interview with CNBC on Jan. 15 that he expects Bitcoin (BTC) to jump into the $50,000-100,000 range in the next two to three years. Scaramucci used the following statements:
You take risks, but you also believe in [Bitcoin] adoption. So if we get the adoption right, which I believe we will, it could easily be a fifty-hundred-thousand-dollar asset in the next two to three years.
According to cryptokoin.com data, Bitcoin is trading at $ 21,140, an increase of 20 percent compared to last week.
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