Yu Jianing, director of the Industrial Economic Research Institute of the Ministry of Industry and Information Technology, said in a talk show whether Ma Yun’s claim that “blockchain is not a bubble and Bitcoin is” stated that this view is not accepted and he does not think that neither is a bubble. He said, first of all, blockchain is a kind of distributed and unchangeable database technology, and it is also a carrier for a new type of independent digital assets. However, after all, it is still a technology. How can technology become a bubble? Second, it does not depend on a platform but can exist independently. Third, holders have greater autonomy. So, he thinks these things are not bubbles.
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