It is believed that the crypto software company will allow crypto traders to develop algorithmic-based techniques for accessing various marketplaces.
Anthony Scaramucci, the founder of SkyBridge Capital, is investing in a cryptocurrency startup formed by the former president of FTX US.
Scaramucci informed Bloomberg in an email that he would be putting his own money into ex-FTX US president Brett Harrison’s new business, which was announced just three weeks after the collapse of crypto exchange FTX.
It is believed that the unnamed crypto software startup will allow crypto traders to construct algorithmic-based methods to access various marketplaces, both centralised and decentralised.
Harrison is also said to be looking for a fundraising objective of up to $10 million for a $100 million valuation.
Scaramucci said in a Jan. 14 tweet in response to Harrison’s lengthy thread about Sam Bankman-Fried and his tenure at FTX US that he was “happy” to be an investor in Harrison’s new company.
Harrison replied to the tweet praising Scaramucci, adding that “Your support and wisdom means the world to me. I can’t wait to get started!”
Scaramucci’s investment and interest in the company, however, were not disclosed.
Harrison’s new crypto business was originally hinted to on September 27, when he announced his resignation as president of FTX US.
He said at the moment that he was stepping down as president but would remain with the exchange in an advising role for the next few months.
“I can’t wait to tell you everything about what I’m up to next,” he remarked at the time.
Harrison said in his most recent Twitter thread that he left the firm when his relationship with Bankman-Fried unexpectedly worsened, and that the difficulties caused him to move his “attention to the future and to my own company.”
Meanwhile, Scaramucci remains optimistic about the crypto industry’s revival this year, citing the market outlook for 2023 as a “recovery year.”
In an interview with CNBC on January 15, the crypto investor predicted that Bitcoin (BTC) would recover to $50,000-100,000 during the next two to three years.
“You’re taking a risk, but you also believe in [Bitcoin] acceptance. So, if we get the adoption right, which I believe we will, this could easily be a $50,000 to $100,000 asset over the next two to three years,” he added.
At the time of publication, Bitcoin was trading at $21,240, up 21.77% in the previous week.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.