That's quite the allocation, kevinolearytv. Mr. Wonderful reveals what his crypto holdings might look like.
celebrity Kevin O’Leary, also known as “Mr. Wonderful,” has said he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins.
Mr. Wonderful is particularly focused on U.S. dollar-pegged stablecoins, which he sees as an effective hedge against rising levels of inflation. By staking stablecoins, he pointed out, he can make up to 6% returns. He explained to Cointelegraph: A clear regulatory framework would allow O’Leary to convert large cash positions into stablecoins. Currently, however, he cannot invest beyond 5% into stablecoins because of regulatory constraints.
According to O’Leary, his excitement around stablecoins is shared by many institutional investors, who are “working on it quietly in the background” and waiting for regulators to make their move.
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