Scaramucci will invest in a crypto company formed by the former CEO of FTX US
It is believed that the crypto software business would allow crypto traders to construct algorithmic-based market-access methods.
Scaramucci informed Bloomberg in an email that he would invest his own assets in Brett Harrison’s new company, which was announced barely three weeks after the collapse of the FTX cryptocurrency exchange.
It is believed that the unnamed crypto software startup would allow crypto traders to construct algorithmic-based strategies to access controlled and decentralized marketplaces.
It is also believed that Harrison sought a fundraising goal as high as $10 million for a value of $100 million.
Scaramucci stated he was “happy” to be an investor in Harrison’s new firm in a Jan. 14 tweet in response to Harrison’s long thread about Sam Bankman-Fried and his experience at FTX US.
Scaramucci’s financial investment and ownership share were not revealed. Harrison initially referred to his new crypto endeavour on September 27, when he announced his resignation as president of FTX US.
At the time, he said that he was leaving as president but would continue with the exchange for the next several months in an advising capacity.
Harrison claimed in his most recent Twitter thread that he left the business after his relationship with Bankman-Fried unexpectedly deteriorated and that he shifted his “attention to the future and my own company” as a result.
Scaramucci continues to be optimistic about the crypto industry’s rebound this year, citing 2023 as a “healing year” for the sector.
The crypto investor said in an interview with CNBC on January 15 that he expects Bitcoin (BTC) will return to the region of $50,000 to $100,000 during the next two or three years. At the time of publishing, Bitcoin was trading at $21,240, an increase of 21.77% over the previous week.