The founder of Skybridge Capital, Anthony Scaramucci, has reportedly backed Brett Harrison, the former president of US crypto trading platform FTX, in a new crypto company project.
Scaramucci will back the company with his personal money, an undisclosed amount in an email sent to various news outlets, according to Financial Express.
Harrison’s New Crypto Company
For Harrison, the new company, which is currently unnamed, aims to help investors and traders in the cryptocurrency market access related markets. That will be done by allowing the creation of strategies based on algorithms.
Markets accessed will be both centralized and decentralized.
Former FTX US President Brett Harrison. Image: Startup Story
To make his new company a reality, the former big boss of FTX USA is looking for a $10 million fundraising project, with a value of $100 million once it is reached.
Brett I am proud to be an investor in a new company. Advanced. Don’t look back. Hoping for the best.
— Anthony Scaramucci (@Scaramucci) January 14, 2023
In a tweet sent by Harrison on January 14, 2023, Scaramucci responded by saying he was proud to be an investor. He also wished Harrison the best in his new venture, while advising him to move forward and never back down.
Hints Before Collapse?
There was a hint that Harrison gave before he stepped down as president of FTX USA in September 2022. It was only a few months after FTX collapsed, which happened in November 2022.
Image: Euronews
He even stated the following with those who covered the announcement:
“I can’t wait to hear more about what I’m going to do.
Harrison served for 17 months before stepping down as head of FTX USA. His previous work before FTX was with Citadel Securities and a trading company called Jane Street. The last one is that he works with Sam Bankman-Fried, the founder and CEO of FTX.
What’s Next?
As for Scaramucci, he said that he has hope for the recovery of the cryptocurrency market. He believes that this year will be a “comeback year” for crypto, according to him BullFrag.
He even stated that Bitcoin (BTC) will accumulate to $50,000 to $100,000 price range in the next two to three years, in one of the interviews..
Crypto total market cap at $932 billion on the daily chart | Chart: TradingView.com
He added the following, saying:
“You take risks, but you also believe in adoption [de bitcoin]. So if we get the adoption right, and I think we will, this could easily be a fifty to a hundred thousand dollar asset in the next two to three years.
Scaramucci is an American investor who served as Director of Communications at the White House from July 21 to July 31, 2017. Between 1989 and 1996, he worked in the investment banking, equity, and private wealth management divisions of Goldman Sachs.
-Featured image from WIRED