Anthony Pompliano Optimistic About Atomic Loans Bringing Bitcoin to DeFi

Morgan Creek Digital, the company of the bitcoin proponent was an investor in $2.6 million seed round of a new Canadian startup who are pursuing to create lending instruments which are bitcoin-backed, atomic loans.

In an announcement made on April 15, Cooinbase investor, initialized capital led the seed round.  They were accompanied by bison trails and Consensys, who invested in the previous round which happened last year too. With more development and research on the cards, the funds would be utilized primarily in these two departments.

Anthony Pompliano Has Been a Fan of Bitcoin For a Very Long Time

The bitcoin advocate who claimed on NBC's ' Shark Tank' year that half of his market value is in bitcoin has been a bitcoin fan for long. he appears on many TV market shows and always talks about bitcoin in a bullish way.

He believes moves such as these enhance bitcoin's reputation and adds more substance to the claims that it can be an alternative financial system. He also states that atomic loans are utilizing bitcoin the way it was supposed to be.

Bitcoin hasn't contributed massively to the DeFi department, however, Ethereum wrappers are being made by Trustless bitcoin, and Wanchain which is no surprise given the market cap of bitcoin ($123 billion) is alluring. According to Brett Gibson, it is a welcome move as atomic loans give DeFi access to the king coin in a very simple but effective way.

While access to bitcoin would definitely be a welcome addition, it is still unclear how much stake has Anthony Pompliano's firm had got in the new Canadian startup.

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