Shark Tank celebrity Kevin O’Leary aka Mr. Wonderful says he would be willing to increase his crypto allocations by up to 20% as soon as there are clearer regulations around stablecoins.
O’Leary, a former skeptic of (), is now a staunch advocate of cryptocurrencies, which currently account for more than 10% of his investment portfolio.
Mr. Wonderful especially focuses on stablecoins pegged to the US dollar, which he considers an effective hedge against rising inflation levels. By betting stablecoins, he noted, you can get up to a 6% return. He explained to Cointelegraph:
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