Scaramucci to invest in a new cryptocurrency company started by the former CEO of FTX US.

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By Degen Lipsa

Anthony Scaramucci, the founder of SkyBridge Capital, has invested in a cryptocurrency business started by the former head of FTX US.
In an email to Bloomberg, Scaramucci stated that he would use his own funds to back former FTX US President Brett Harrison’s new business, which had just been made public three weeks after FTX’s demise.

Anthony Scaramucci

It is believed that the unnamed crypto software startup will give crypto traders the ability to develop algorithmic-based access methods to various markets, both centralized and decentralized. Harrison is rumored to have been looking for a fundraising target as high as $10 million for a $100 million valuation.

Harrison posted a lengthy thread about Sam Bankman-Fried and his time at FTX US on January 14, and in response, Scaramucci tweeted that he was “happy” to be an investor in Harrison’s new business.

Scaramucci obtained a stake, but the amount of capital used was not made public. Harrison’s new cryptocurrency project was originally alluded to on September 27 when he declared his resignation as president of FTX US. He said at the time that he was stepping down from his presidency but would continue to work with the exchange in an advisory capacity for the upcoming few months.

Harrison explained in his most recent thread on Twitter that he abruptly quit the company after his connection with Bankman-Fried worsened and that the difficulties caused him to “concentrate to the future and to my own company.”

Scaramucci continues to have high hopes for the cryptocurrency sector’s rebound this year and refers to 2023 as a “recovery year” for the market.The cryptocurrency investor predicted that Bitcoin (BTC) will rise to a price between $50,000 and $100,000 within the following two to three years in an interview with CNBC on Jan. 15.

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