Jack Ma, Anti Bitcoin?

[Aying]

It's not important even though he's in anti-bitcoin though, but I believe it will make him change his mind when this blockchain technology is used by all companies, let's look after 2020

Well, you're right, right now, it doesn't affect the development of bitcoin. besides, it seems like Jack Ma might not like bitcoin. well, but I still hope that people are as good as he accepts bitcoin, because that can be a good thing in the future.

That's right, whether he agrees on it or not it does not matter at all, I believe he is not against bitcoin as I watched once of his interview that everyone should learn to take risk but of course we still should take care of it.

[Exidous]

I think we should not take care of the man who creates the commercial exchange where fake goods are sold. Alibaba is not as good as Amazon so you should believe him too much

[bitfocus]

Jack would say just the opposite if Crypto were legal in China.

[zakariajaki]

he did not affect bitcoin at all with his statement, and absolutely no one cared about it.

[cryptoalfs76]

Had confessed to confused with one of these digital currencies, Alibaba CEO Jack Ma now decided to be in anti-Bitcoin camp.

Quoted from the South China Morning Post, Tuesday (5/22/2018), at the World Intelligence Congress in Tianjin, China, Jack Ma revealed there is a gap owned by Bitcoin.

"There are bubbles on Bitcoin, but not bubbles in blockchain technology," he said.
Bubbles, is a term in economics that refers to the trading activity of an asset in a large volume so that its price range goes far beyond its intrinsic value. According to Jack Ma, Bitcoin experienced that.
Although his attitude seemed anti with the cryptocurrency, but he did not turn a blind eye to the technology that runs all transactions using Bitcoin, the blockchain. Personally, he admits that he is quite confident in this technology.

The man whose real name is Ma Yun also said that blockchain is a solution to security and privacy, especially in internet-based finance that processes trillions of trillions of trades. Even so, he does not agree if this technology is applied to run Bitcoin for money.

"Social networks may not need blockchain, but we still have to switch to it, because otherwise it would be fatal," he said.

In line with the thinking of Jack Ma, Alibaba has been doing research on technology that functions like the ledger in recent years.

In fact, the e-commerce giant is also ranked first in the patent application against global application blockchain in 2017.

Over the past year, Alibaba has listed 43 blockchain application patents, with Bank of America being the closest competitor through 33 patents. The figures are based on data from IPRdaily, the provider of information on intellectual property.

In addition to Alibaba, a number of companies from other Bamboo Curtain countries have also implemented blockchain technology in various sectors. They are Xiaomi with blockchain based game titled Jiamitu, Cainiao who applies the technology in logistics delivery, Ofo through a blockchain research agency, as well as one of Mobike's business units.
Blockchain fever was not only penetrated into companies that have been said large, a number of startups that move in that field was also quite a lot. It can be seen from 41% of the total funding of startup focused on the pilot company engaged in the field associated with blockchain.

"Blockchain is a hot topic of conversation right now, but not all companies can implement this technology.Too many people are selling blockchain-based products, this is my concern," concluded Jack Ma.

Will we know Jack Ma is one of the most respectfull bussinesman that we know'n now alligned with bill gates and warren buffet otherwise every popular people in the world of bussiness have there own stand about the trending now in the cryptocurrency and we respect thats there own opinion and decision,that they stated that bitcoin is bubble,maybe called them an anti bitcoin but based on there experience  being a successfull bussinessman maybe could say they are right,otherwise sometimes even though they are expert about in the world of bussiness we could say thats sometimes in implicating the things  thats is bad but in the end we accept our faults or mistake in our own creating decision.

[Colan Zolo]

There is no effect with Jack Ma's statement about bitcoin, bitcoin continues to grow and develop well until now.
So I think he is natural when anti-bitcoin is because his wealth and success are not through the internet or digital. He's a businessman who can only see one eye about bitcoin.

[Kakmakr]

When guys like this start talking about "Blockchain" technologies and not about Bitcoin, then you can bet your house that they are secretly working on their own replacement "Blockchain" technology for Bitcoin. Yes, he might have said that there are too many "Blockchain" technologies out there, but he might just be using a smoke screen to get a edge over his competition.

These guys have not become this successful by playing by the rules and being honest.    It has been a while since OP posted this, but just wait and see, it is coming. 

[elwiswoodie]

do not we hate the words of people, let's just say it is a criticism of us who have different opinions about bitcoin
if Jack Ma doesn't like bitcoin, then how do we get bitcoin to be accepted by everyone other than Jack Ma,
he only needs a solution for the existence of Bitcoin so that it can be used and useful safely

[kvipcn]

It is very easily for people with little or no knowledge on cryptocurrency or Bitcoin to say stuffs about the Bitcoin ideology. I'm not surprised when people display their ignorance and refuse to get to understand something they are not used to. Jack Ma is still in the centralization ideology and refusing to embrace this new technology and advancement.

[panukurap]

it doesn't matter if Jack likes bitcoin or not, because with Jack Ma's dislike of bitcoin will not make bitcoin die, bitcoin will continue to grow and more and more people will join bitcoin, even though Jack doesn't like bitcoin.

[Ucy]

Intrinsic Value?  Bitcoin has loads of them. I checked the definition of Intrinsic value to be sure he does not know what he's talking about. Immutablity and Proof of Works Mining are great Intrinsic value of Bitcoin ... Other important Intrinsic values are: :
The Blockchain Decentralization,Transparency, Censorship resistance, permissionless, and the community.

[Gary Levanevskii]

Probably he is not interested in speculations with the price of Bitcoin. I heard that his company is one of the leaders in implementing the blockchain. I think he tries to be the same as the government.

[lazygin006]

Lol Jack Ma, the guy who copies everything to make his fame and fortune. No doubt he is a smart guy but we should not be surprise if he comes up with his own version of Bitcoin in a couple of years time.

[aryaadikariyansyahsuwarto]

Is that right, is that valid news ...? if it's true there might be something that Jack-Ma says bitcoin doesn't match with what he thinks ... But if it's fake news then it can be ascertained that this has little effect on bitcoin investors, they can hesitate to invest ... !!

[BETAWI]

I think it doesn't matter if they are anti-bitcoin, I'm sure there are still many people out there who are always waiting for bitcoin and want to have. Bitcoin is the best to date, and maybe tomorrow and the future. I don't care about them.

[coinholic]

"...this is my concern." Exactly! That is Jack Ma's point of view which he has a right to. Same with all of us having right to our own point of view. But one's thinking (positive or negative) should not affect that of others. It should always boil down to what we think because we will make that final decision. I don't give a crap about Jack's concern. I don't even give a crap about Warren's or even Bill's concerns. My concern is my own dealings. That's that!

[Shishir99]

Lots of billionaire are against Bitcoin because they don't really understand the technology really.It is a matter of time they will understand the real value of bitcoin or a universal currency.Another thing is they might be fearful of new millionaire who has lots of bitcoin.But the fact is it doesn't matter what they think or say about bitcoin.

[lutfi-hasan]

I think Jack Ma was having a toothache when he said that, bitcoin and his company were very different. And what surprised me was why he commented as if his company was very good. So in my mind Jack Ma had done a FUD, maybe he wanted people to sell Bitcoin for him so he bought bitcoin at a low price.

[lightcar]

Jack Ma probably has a lot of connections to bankers and the financial industry.  He can't support bitcoin because he will  ruin his business connections.

[CryptoSifus]

Of course he is. It may not be his choice, but very likely is for the following reasons;
1. China
2. Communists
3. Competes with AliPay
4. Communists Hit Squads
5. China
I would wager he is no fool though and likely stacking a bag of BTC to hedge his bets even though he can't be seen to publicly support it because, well... China