Anthony Scaramucci

Anthony Scaramucci is an acclaimed American entrepreneur and political consultant, making headlines for his fleeting role as the White House Director of Communications from July 21 to July 31, 2017. He is now the CEO of SkyBridge Capital.

His journey to success began at age 11. It led him to Tufts University for a bachelor’s degree in economics and, subsequently, Harvard Law School, where he earned a Juris Doctor degree.

From Wall Street to the White House

Post-graduation, Scaramucci ventured into investment banking with Goldman Sachs. In 1996, he bid adieu to Goldman, establishing his finance company, Oscar Capital Management. Later, he founded SkyBridge Capital. His political career kicked off in 2017 with his appointment as an assistant to Donald Trump and as the director of the White House Office of Public Liaison and Intergovernmental Affairs.

However, his stint as the White House Director of Communications was short-lived, lasting only 10 days. Today, Scaramucci is a vocal critic of Donald Trump and an ardent supporter of Democrat Joe Biden’s presidency.

SkyBridge Capital’s Leap into Crypto

In a bid to expand SkyBridge Capital’s footprint in the crypto world, Scaramucci secured a partnership with trading platform NAX and high-speed blockchain project, Algorand. Together, these two groups initiated a series of fundraising events, with the first aiming to raise approximately $250 million.

UNLOX: A Step Toward Decentralized Finance

This fund, named UNLOX, aims to focus on a range of decentralized finance efforts tied to digital currencies like Bitcoin. UNLOX seeks to leverage blockchain technology to offer reliable security for diverse assets such as property, corporate securities, and venture capital through various institutions.

Using Algorand’s blockchain infrastructure as the foundation, the partnership will explore nonfungible tokens and other altcoins. Scaramucci has emphasized the importance of Algorand, stating, “Algorand is going to be the winner in building the backbone for what institutions and financial services companies need.”

The Bitcoin Vision

Under Scaramucci’s leadership, SkyBridge was among the first hedge funds to invest in Bitcoin and Ethereum. In December last year, SkyBridge filed a Regulation D form with the U.S. Securities and Exchange Commission for a crypto fund.

The SkyBridge Bitcoin Fund L.P. opened to investors in January, and Scaramucci predicts a “very big future” for Bitcoin, with SkyBridge currently holding approximately $500 million in Bitcoin across its investments.

Insights Into Sam Bankman-Fried

In a recent CNBC interview, Scaramucci shed light on his perspective of Sam Bankman-Fried, the founder of FTX and a former business associate currently on trial for fraud. Scaramucci’s initial impression of Bankman-Fried was so positive that he sold a part of his business to him.

However, following FTX’s collapse, Scaramucci expressed his intent to buy back SkyBridge Capital’s equity stake acquired by FTX through the company’s formal bankruptcy process.

• SkyBridge Capital Management Founder & Managing Partner
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