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.
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