Shock Development: Crypto Billionaire Invests In That Project!

Shock Development: Crypto Billionaire Invests In That Project!
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Anthony Scaramucci, founder of SkyBridge Capital, is investing in a crypto firm founded by the former leader of FTX US. Here are the details…

Scaramucci invests in a new cryptocurrency project

Scaramucci announced that he has invested in the fund of a manager of FTX US, the US arm of the bankrupt FTX exchange. In an email to Bloomberg, former FTX US leader Brett Harrison said he will invest with his own individual funds to support his new venture, which emerged just three weeks after the collapse of crypto exchange FTX. It appears that the now unnamed crypto software company will enable crypto traders to create algorithmic-based strategies to access different markets, both centralized and decentralized.

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It also appears that Harrison is seeking fundraising as high as $10 million for a $100 million valuation. In a January 14 tweet, responding to Harrison’s lengthy 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 thanked Scaramucci and replied to the tweet, “Your support and advice means the world to me. I can’t wait to work together!” said. However, the amount of capital distributed and shares received by Scaramucci were not disclosed.

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Harrison had a bad time with the SBF

Harrison’s new crypto venture was first hinted at on September 27 when he announced he was leaving his mission as leader of FTX US. He said he was stepping down as chairman at the time, but will remain in an advisory mission to the stock market for the next few months. “I can’t wait to share more about what I’m going to do next,” she said at the time. In his most recent Twitter thread, Harrison stated that he left the company after his relationship with Bankman-Fried suddenly deteriorated, thus shifting his focus to the future and his own company.

Shock Development: Crypto Billionaire Invests In That Project!

Scaramucci hopeful for 2023

In the midst of this, Scaramucci continues to hold high hopes for the recovery of the crypto market this year, describing 2023 as the “year of recovery” for the market outlook. The crypto investor said in an interview with CNBC on Jan. 15 that he expects Bitcoin (BTC) to jump into the $50,000-100,000 range in the next two to three years. Scaramucci used the following words:

You take risks, but you also believe in immediate [Bitcoin] adoption. Because of that, if we get the adoption right, which I believe we will, it could easily be a fifty to a hundred thousand dollar asset in the next two to three years.

Bitcoin is seeing the process at $ 21,140 with an increase of 20 percent compared to last week.

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