Morgan Creek Invests in Startup Bringing Bitcoin to DeFi
Anthony Pompliano's investment firm has joined a seed round for Atomic Loans, a startup looking to create bitcoin-backed lending instruments.
Lolli, the bitcoin rewards shopping app, attracted celebrity investors in a $3 million round led by the early-stage arm of Peter Thiel’s Founders Fund.
Bitwise found that bitcoin acts as a useful counterweight to a traditional portfolio if managed in the right way.
"We’re watching the birthing of a store of value, and whether that succeeds or not only time will tell," he told CNBC.
Shares in the Grayscale Bitcoin Trust climbed 14% on Wednesday as bitcoin's price rallied toward $9,000.
The crypto investment firm says it raised almost as much in Q1 2020 as it did over the whole of 2019.