Scaramucci will invest in a crypto firm founded by a former FTX US executive.

It is believed that the crypto software company will allow crypto traders to develop algorithmic-based strategies for accessing various markets.

Anthony Scaramucci, the founder of SkyBridge Capital, is investing in a cryptocurrency company founded by the former president of FTX US.

Scaramucci told Bloomberg in an email that he would be putting his own money into ex-FTX US president Brett Harrison's new venture, which was announced just three weeks after the collapse of crypto exchange FTX.

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

Harrison is also said to be looking for a fundraising target of up to $10 million for a $100 million valuation.

Scaramucci said in a Jan. 14 tweet in response to Harrison's lengthy thread on Sam Bankman-Fried and his time at FTX US that he was "proud" to be an investor in Harrison's new company.

Harrison replied to the tweet thanking Scaramucci, adding that "Your support and advice means the world to me. I can't wait to get started!"

Scaramucci's investment and stake in the company, however, were not disclosed.

Harrison's new crypto venture was first hinted at on September 27, when he announced his resignation as president of FTX US.

He announced at the time that he was stepping down as president but would remain with the exchange in an advisory role for the next few months.

"I can't wait to tell you all about what I'm up to next," he said at the time.

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

Meanwhile, Scaramucci remains optimistic about the crypto market's recovery this year, describing the market outlook for 2023 as a "recovery year."

In an interview with CNBC on January 15, the crypto investor predicted that Bitcoin (BTC) would recover to $50,000-100,000 within the next two to three years.

"You're taking a risk, but you also believe in [Bitcoin] adoption. So, if we get the adoption right, which I believe we will, this could easily be a $50,000 to $100,000 asset over the next two to three years," he added.

At the time of publication, Bitcoin was trading at $21,240, up 21.77% in the previous week.