As the Bitcoin rally continues unabated, one global leader confesses that he is confused by the craze. Yes, that's Alibaba's Executive Chairman, Jack Ma who believes that the world is currently not ready for crypto currencies.
“Honestly, I’m not a big fan of Bitcoin but I pay attention to cashless payments in society through block chain technology, what I want to know is what things Bitcoin can contribute to society, but behind Bitcoin I see that There is a really powerful technology.” He thinks "We need time right now for going towards Bitcoins !!"
This statement comes at a time when the currency was currently trading a tad below USD 13,000 mark.
Since where the world in craze of Bitcoins,he thinks the other way !!