Cryptocurrency: Jack Ma, CEO Alibaba Express still indecisive about Bitcoin

CEO Alibaba Express, Jack Ma, is still indecisive about the current trends in the world which is cryptocurrency he was reported to have said that "I said honestly, I know very little about it, and I’m totally confused,” this was Ma reply when asked at the World Internet Conference, which was held this week in Wuzhen, China.

It is also good to know that that the business magnate has invested lot of cash in bitcoin technologically this year but is still confuse even after he as asked about how bitcoin works he's still not getting it, but that does not stop him from investing in the internet currency. Jack Ma, whose  net worth gulps about $38.6 billion which makes him China’s richest man, warned that if bitcoin did prove to be more than just a blip on the world economic radar, it would completely upend the international order.

Ma has also warned that "Alibaba’s blockchain efforts will be restricted to applications that operate within the current economic order. The company has already launched blockchain initiatives designed to bring about developments in healthcare and combat the sale of fake food". Bitcoin is not for me said Alibaba boss even if his group is working day and night towards Cash less China.
 However this is what he has to say concerning the technology usage of bitcoin
"Even if it works, the whole international rules on trade and financing are going to be completely changed,” he said, adding that “We’ve spent a lot of efforts on blockchain technology and development.”
This week bitcoin experienced some higher and low price however market expert said it is like to go up this week.

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