Shark Tank celebrity investor Kevin O’Leary reportedly says that policies will impact investments in the digital asset space as he shares his optimism that US policymakers will be supportive of crypto.
Benzinga reports that O’Leary anticipates upcoming policies to have a positive stance for stablecoins because this will be bullish for both the US dollar and the crypto market.
“The reason both sides would support stablecoins is that it would make the U.S. dollar the default currency, globally. If a stablecoin backed by the US dollar and Treasury bills was regulated as a payments system,” that may spur interest by ‘sovereign wealth funds and financial institutions.’”
As the price of Bitcoin (BTC) slides below $20,000, O’Leary also warns that the flagship cryptocurrency will likely remain