👀

Crossing an 8-Year Dialogue: Jack Ma's 'Fear' and 'Ambition' Towards Bitcoin

By the end of 2017, Bitcoin was approaching the $20,000 mark. Jack Ma candidly admitted in a CNBC interview that he was 'confused' about Bitcoin, but Alibaba behind him had already begun to make far-reaching plans. According to relevant data, Alibaba ranked first in the world in the number of blockchain patents from 2017 to 2018. Jack Ma's strategy is very clear: 'Don't touch the coin, but must fight for the chain.'

💡

Core Views

1. Attitude towards Bitcoin: He candidly stated that he is not a fan and even feels confused. Compared to the 'coin' as an investment, he is more focused on the technology that can solve social problems.

2. Disruption of Rules: Jack Ma bluntly stated that if Bitcoin is proven to be successful, the existing international trade rules and global financial system will be completely restructured.

3. Alibaba's Layout: He emphasized that Alibaba has invested significant resources in researching blockchain technology (Blockchain), aiming to enhance the efficiency and transparency of social operations, and to fundamentally eliminate corruption.

4. Focus on a Cashless Society: His core goal remains to promote the circulation efficiency of Alipay and fiat currencies such as the Renminbi, US Dollar, Euro, etc., in the digital age.