Alibaba’s Jack Ma Says Bitcoin Is A Bubble, While Blockchain Is Not


Jack Ma, the billionaire founder of Chinese tech giant Alibaba Group Holding Ltd., said that Bitcoin is a bubble, while blockchain is not. The executive chairman of Alibaba, with a personal wealth estimated at US$42 billion, made the comment at the second World Intelligence Congress held in Tianjin yesterday. "Blockchain is now a hot word. First, blockchain is not a bubble, but Bitcoin is a bubble. Bitcoin is just a tiny application of blockchain," Ma said. "Blockchain is not a …

Alibaba’s Jack Ma Says Bitcoin Is A Bubble, While Blockchain Is Not appeared first on China Money Network.


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