SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US.
According to an email sent to Bloomberg, Scaramucci said he would invest his own personal funds to support the former FTX US president’s new venture.Brett Harrison, who made himself known just three weeks after the collapse of the FTX cryptocurrency exchange.
It is understood that the cryptocurrency software company —which has no name yet— will allow cryptocurrency traders to create strategies based on algorithms to access different markets, both centralized and decentralized.
It is also understood that Harrison has been seeking a lofty fundraising target of $10 million for a $100 million valuation..
In a January 14 tweet in response 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..
Brett I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best.
— Anthony Scaramucci (@Scaramucci) January 14, 2023
Brett, I’m proud to be an investor in your new company. Keep going. Do not look back. Wish you all the best.
Harrison responded to the tweet thanking Scaramucciadding that “your support and advice mean the world to me. I look forward to working together!”
Nevertheless, The amount of capital deployed and the stake received by Scaramucci were not disclosed..
Harrison’s new crypto venture was first hinted at on September 27, 2022when announced that he was stepping down as president of FTX US.
At that moment, He said he was resigning from his role as president, but will remain with the exchange in an advisory role for the next several months..
“I can’t wait to share more information about what I’m going to do,” he said then.
In his latest Twitter thread, Harrison revealed who left the company after his relationship with Bankman-Fried abruptly deteriorated and that the problems led him to change his “focus towards the future and towards my own company”.
Meanwhile, Scaramucci continues to have high hopes for the recovery of the cryptocurrency market this year, describing the market outlook of 2023 as a “return year”.
In an interview with CNBC on Jan. 15, the crypto investor said that expect Bitcoin (BTC) to rally to the $50,000-100,000 range in the next two to three years.
“You are taking risks, but you are also believing in the adoption [de bitcoin]. So if we get the adoption right, and I think we will, this could easily be a fifty to a hundred thousand dollar asset in the next two to three years“, he added.
BTC is currently trading at $21,24021.77% more than a week ago.
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