Anthony Scaramucci, the founder of SkyBridge Capital, told Bloomberg that he will invest in a crypto company founded by the former president of FTX US.
The new service was announced just three weeks after the FTX cryptocurrency exchange collapsed. Anthony Scaramucci, the founder of SkyBridge Capital, told Bloomberg that he will invest in a crypto company founded by the former president of FTX US.
He said he would invest his own money to support the new initiative by FTX US President Brett Harrison. This innovation was revealed just three weeks after the FTX cryptocurrency exchange collapsed.
According to reports, an anonymous crypto software company will allow crypto traders to create strategies based on algorithms to access various markets, both centralized and decentralized. Harrison is also reportedly seeking a $10 million fundraising goal and a $100 million valuation.
Both Scaramucci and Harrison expressed their excitement about the partnership on Twitter.
SkyBridge Harrison’s New Crypto Venture
However, Scaramucci’s capital and stake in the company was not disclosed. Harrison’s new crypto venture was first hinted at on September 27 last year, when he announced his resignation as president of FTX US. He announced at the time that he was stepping down as chairman but would remain in a transitional and advisory role for the next few months.
Harrison revealed in his most recent Twitter feed that he left the company after his relationship with Bankman-Fried became strained and difficulties forced him to focus on his own business. In the meantime, Scaramucci is still optimistic about the recovery of the crypto market this year, describing the market outlook for 2023 as something terrible.
“You take a risk, but you believe in [Bitcoin] adoption. So if we get the right adoption, I think we will, it could be worth fifty thousand to ten thousand dollars over the next two to three years,” Scaramucci said in N ‘ CNBC interview.