Scaramucci Invests in Crypto Startup Led by Ex-FTX US CEO

SkyBridge Capital founder Anthony Scaramucci has announced that he will be investing in a new crypto company founded by the former president of FTX US, Brett Harrison.

Scaramucci, who will be investing his own personal funds, stated in an email to Bloomberg that the crypto software company, which has yet to be named, will allow crypto traders to create algorithmic-based strategies to access different markets, both centralized and decentralized.

Harrison has been seeking a fundraising target as high as $10 million for a $100 million valuation.

In a tweet on January 14th, Scaramucci expressed his excitement to be an investor in Harrison’s new company, to which Harrison responded by thanking Scaramucci and expressing his excitement to work together.

Harrison’s new crypto venture was first hinted at on September 27th, when he announced his resignation as president of FTX US but stated that he would remain with the exchange in an advisory role for a few months.

He said at the time, “I can’t wait to share more about what I’m doing next.”

In his most recent Twitter thread, Harrison revealed that he left the firm after his relationship with Sam Bankman-Fried, CEO of FTX, abruptly deteriorated. He said he decided to shift his focus to the future and to his own company.

Scaramucci, who continues to have high hopes for the crypto market recovery this year, described 2023’s market outlook as a “recovery year” in an interview with CNBC on January 15th.

He expects Bitcoin to rebound to the $50,000-100,000 range within the next two to three years, stating “if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar asset over the next two to three years.”