Scaramucci will invest in a crypto company started by the former CEO of FTX US.

It is understood that the cryptocurrency software provider will make it possible for traders to develop algorithmic-based approaches to access various markets.

Anthony Scaramucci, the founder of SkyBridge Capital, has invested in a cryptocurrency business started by the former head of FTX US.

In an email to Bloomberg, Scaramucci stated that he would use his own funds to support former FTX US President Brett Harrison's new business, which had just been made public three weeks after FTX's demise.

It is believed that the unnamed crypto software company will give crypto traders the ability to develop algorithmic-based access strategies to various markets, both centralized and decentralized.

Harrison is rumored to have been looking for a fundraising target as high as $10 million for a $100 million valuation.

Harrison posted a lengthy thread on Sam Bankman-Fried and his time at FTX US on January 14, and in response, Scaramucci tweeted that he was "proud" to be an investor in Harrison's new business.

Scaramucci thanked Harrison in a tweet response, and Harrison added, "Your support and advice mean the world to me. I'm eager to collaborate with you!

Scaramucci received a stake, but the amount of capital used was not made public.

Harrison's new cryptocurrency project was first alluded to on September 27 when he declared his resignation as president of FTX US.

He announced at the time that he was stepping down from his presidency but would continue to work with the exchange in an advisory capacity for the upcoming few months.

At the time, he said, "I can't wait to share more about what I'm doing next."

Harrison explained in his most recent thread on Twitter that he abruptly left the company after his relationship with Bankman-Fried deteriorated and that the difficulties caused him to "focus to the future and to my own company."

Scaramucci continues to have high hopes for the cryptocurrency market's recovery this year and refers to 2023 as a "recovery year" for the market.

The cryptocurrency investor predicted that Bitcoin (BTC) will rise to a price between $50,000 and $100,000 within the following two to three years in an interview with CNBC on Jan. 15.

"You are taking a risk, but you also believe in the adoption of [Bitcoin]. Therefore, if the adoption goes smoothly, which I think it will, this could easily be a $50,000 to $100,000 asset over the next two to three years, he continued.

At the time of publication, Bitcoin's price was $21,240, up 21.77% from the previous week.

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