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The 8 Most Undervalued Stocks For 2024Alibaba Chairman Jack Ma is bullish on blockchain but reportedly says he would stay away from bitcoin because it could be a bubble. Alibaba recently launched a cryptocurrency mining platform called "P2P Nodes," according to a report by Coin Telegraph. (See also: 10 Companies Owned by Alibaba.) As cryptocurrency fever has swept the world, more businesses have looked to get on board with the digital currency craze. Jack Ma, the founder of Chinese e-commerce giant Alibaba, has said that blockchain and other advanced technologies still need to prove they can.