What is more Bubblish, Alibaba or Bitcoin?
Yesterday mister Jack Ma, for some people a guru they worship, for me a very clever deceiver, said Bitcoin is a bubble. Well join the club mr Ma!
According to various hedge fund traders, Alibaba and loads of other Chinese companies are the greatest bubble of all time. But that really doesn't hit mainstream news. But don't worry, that's not a bad thing. Believe me, if you do your research, you will find out how it is all playing out, and what you can do to gain from that information.
Be sure to check, the documentary, "The China hustle". It is amazing to see, how some Chinese companies get inflated on the stock market and loads of people get scammed by that.
Now Mr. Ma is bashing Bitcoin, I have no problem with that, but the reason he does this is quite simple. To distract attention from the bubble his company is in. And, as he is clever, he does that pretty well. But believe me, Alibaba is way more of a bubble than Bitcoin is.
Morale of this all is, never take all you read for granted, and do your own research. The truth is always somewhere in the middle.
Cheers,
