If Bitcoin drops below this level, Shark Tank star Kevin O’Leary will be concerned. O’Leary spoke with Kitco News on the sidelines of the Bitcoin 2022 conference in Miami.
What is Bitcoin’s price floor to justify building all the new green energy sources to mine the cryptocurrency? That’s the question preoccupying many investors’ minds.
“I am happy if Bitcoin stays at $50k for a couple of years. It is forcing everybody to make better computing power,” he told Kitco’s Editor-in-Chief Michelle Makori.
But, O’Leary would be concerned if the world’s largest cryptocurrency dropped below this level. Watch the video for all the price details.
Sponsored by: CoinPayments. Visit: https://www.coinpayments.net/
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Kevin O’Leary on Twitter: @kevinolearytv (https://twitter.com/kevinolearytv)
#Bitcoin #KevinOLeary #crypto
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.