In the latest news on crypto, a report has it that Jack Ma has joined the bitcoin bashing brigade, although he remains keen on blockchain.

Ma, chairman of Alibaba and considered China’s richest man, said during the second World Smart Conference in Tianjin that bitcoin is a bubble, according to a local industry report.

In the past, he has said he does not understand bitcoin but had not previously gone as far as calling it a bubble.

http://bitcoinometrics..com.ng/2018/05/alibabas-jack-ma-bitcoin-bashing-Brigade.html

Like many other bitcoin bashers, Ma remains positive regarding blockchain technology. In his recent remarks, he said that blockchain is not a bubble, although he worries about all the people buying and selling blockchains.

High On Blockchain
Blockchain is not a big gold mine, he said, but a solution for solving data and privacy and security issues.

The true value of blockchain is its ability to provide guarantees, not to make money.

He said people should be asking what value blockchain can bring to consumers, businesses and government. Read more: http://bitcoinometrics..com.ng/2018/05/alibabas-jack-ma-bitcoin-bashing-Brigade.html