Jack Ma: Bitcoin ‘could be a bubble’

Alibaba marketplace co-founder and CEO Ma Yun, more known as Jack Ma, has expressed his views about Bitcoin. He supports the technology, but clearly suspicious towards the phenomenon of a decentralized digital currency and especially its volatile nature.

“Blockchain technology could change our world more than people imagine. Bitcoin, however, could be a bubble,” the magnate stated.

While the approach is not new - the press sometimes calls it “blockchain without Bitcoin” - it is noteworthy that Jack Ma does not view blockchain as a mere database technology which at some point has become overestimated, as some experts think.

Alibaba has never expressed plans to issue its own cryptocurrency despite all the clickbait titles want the public to think, and there has already been a case of the brand copyright infringement by a crypto company.

According to the recent analytic report (PDF) called 35 Big Tech Predictions for 2018 made by Business Insider, marketplaces could serve as future cryptocurrency growth drivers. The authors of the report provide eBay’s leadership old statements as an example of what lies ahead.

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