Kitco News, Released on 4/11/22

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.

Kevin O’Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money managers and founded his own mutual fund company, O’Leary Funds. He raised hundreds of millions of dollars from investors who share his “get paid while you wait” yield oriented, value investing philosophy. He is a venture capitalist on the Canadian television show Dragons’ Den as well as a shark on the United States’ version of Dragons’ Den, Shark Tank, which airs on ABC. Kevin has authored 2 books: Cold Hard Truth: On Business, Money & Life and The Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them.

  bitcoin, clean energy, climate change, cryptocurrency