If Bitcoin price drops below this level, Kevin O’Leary would be concerned; here’s why
If Bitcoin drops below this level, Shark Tank star Kevin O’Leary will be concerned. O’Leary spoke to Kitco News at the Bitcoin 2022 conference, Miami.
How high is Bitcoin’s current price to allow it to be profitable to build all of the green energy resources necessary to mine the cryptocurrency. This is the question that many investors are asking.
“I would be happy if Bitcoin stayed at $50k for two years.” He said that it is forcing everyone to use more computing power.
O’Leary would worry if the largest cryptocurrency in the world fell below this level. For more information, see the video.
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I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.