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FTX US

Former FTX US Big Boss’ New Company Supported By Anthony Scaramucci

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The founder of Skybridge Capital, Anthony Scaramucci, has reportedly supported Brett Harrison, former president of FTX US crypto trading platform, in a new crypto company project.

Scaramucci will be supporting the said company with his own personal money, in an undisclosed amount in an email sent to various news outlets, according to Financial Express.

Related Reading: Web3 Push: UAE VC Companies Launch $1 Billion Fund For The Tech Ecosystem

Harrison’s New Crypto Company

As for Harrison, his new, currently unnamed company, aims to help investors and traders in the cryptocurrency market access different related markets. That will be made possible by allowing them to create strategies based on algorithms.

The accessed markets would be both centralized and decentralized.

Harrison

Former FTX US President Brett Harrison. Image: Startup Story

In order to make his new company a reality, the former FTX US big boss has been seeking a $10 million fundraising project, with a $100 million valuation once reached.

Brett I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best.

— Anthony Scaramucci (@Scaramucci) January 14, 2023

In a tweet posted by Harrison on the 14th of January,  2023, Scaramucci’s response says that he’s proud to be an investor. He also wished Harrison the best in his new endeavor, while advising him to go forward and never to look back. 

Hints Before The Collapse?

There were hints that Harrison gave out before stepping down as president of FTX US in September 2022. It would only take a few months after that for FTX to collapse, which happened in November 2022.

FTXImage: Euronews

He even stated the following with the people covering his announcement:

“I can’t wait to share more information about what I’m going to do.” 

Harrison worked for 17 months before stepping down from his role as FTX US leader. His previous work before FTX was with Citadel Securities and a trading firm named Jane Street. The latter is where he worked with Sam Bankman-Fried, the founder and CEO of FTX.

What Would Be Next?

As for Scaramucci, he said that he has high hopes for the recovery of the cryptocurrency market. He believes that this year would be a “return year” for the crypto, according to BullFrag.

He even stated that Bitcoin (BTC) would rally up to the $50,000 to $100,000 price range in the next two to three years, in one of his interviews.

Related Reading: Crypto Hack: Cybercriminals Steal Over $3.5 Billion In Crypto In 2022

Crypto total market cap at $932 billion on the daily chart | Chart: TradingView.com

He added the following, saying:

“You are taking risks, but you are also believing in the 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, equities, and private wealth management divisions of Goldman Sachs.

-Featured image from WIRED

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Christian Encila

Christian Encila

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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