Recently in his online talk show, Gao Xiaosong Who is a songwriter, and chairman of Alibaba Entertainment Strategic Committee, endorsed bitcoin and cryptocurrency.
This online talk show was viewed by nothing less than 850 million persons across the globe.
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The Alibaba Co-founder, Gao Xiaosong further said:
“The essence of currency is not gold or silver, but lies in social consensus. It is exactly currency if it has exchange value. In this sense, I cannot get clear why so many people criticize virtual currency, (after all) currencies at the very beginning are virtual.”
The Alibaba representative described all monetary forms as being “featured by scarcity and community consensus,” arguing that “This is the same case with bitcoin.”
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