It is understood the crypto software company will enable crypto traders to create algorithmic-based strategies to access different markets.
SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former CEO of FTX US.
Scaramucci told Bloomberg in an email that he will invest his own money to support the new role of FTX US President Brett Harrison, which comes just three weeks after the exchange’s collapse. of crypto FTX. It is understood that the crypto software company – which has not yet been named – will allow crypto traders to create strategies based on algorithms to access different markets, both centralized and decentralized.
Harrison is also understood to be seeking a $10 million funding target at a $100 million valuation. In Jan. 14 tweets responding to Harrison’s long 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 responded with a tweet thanking Scaramucci, adding “Your support and advice means the world to me. I can’t wait to work together!”
However, the amount of capital transferred and received by Scaramucci is not disclosed. Harrison’s new venture was revealed on September 27, when he announced that he was stepping down as CEO of FTX US. At the time, he said he was stepping down as president but would remain in transition in an advisory role for the next few months.
“I can’t wait to tell other people about what I’m going to do next,” he said at the time. In his latest Twitter feed, Harrison revealed that he left the company after his relationship with Bankman-Fried worsened and the problems made him focus on the future and mine. business.
Meanwhile, Scaramucci continues to have high hopes for the recovery of the crypto market this year, describing the market outlook for 2023 as “the year of recovery.”
In an interview with CNBC on Jan. 15, a crypto investor said he expects Bitcoin (BTC) to return to $50,000-100,000 in the next two to three years. “You take a risk, but you believe in [Bitcoin’s] adoption. So if we get the right adoption, I think we will, it could easily be fifty to a hundred thousand dollars and assets in the next two to three years,” he added. At press time, Bitcoin is currently trading at $21,240, up 21.77% from last week.
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