We see in a report from China Money Network is a doozy because the term was used in relation to the blockchain, not cryptocurrencies. The remark came from Chinese billionaire Cai Wensheng, who is best known for photo filter mobile app Meitu.

“Blockchain is the biggest bubble the world has ever seen, but the bubble is the catalyst for technological revolution. Similar to the industrial revolution and the dot com bubble, the underlying technology changed the world after the bubble burst. We must embrace bubbles now, as missing the bubble will be the biggest risk,” he said during a group chat.

To know more about Blockchain Technology and related news visit Coingraph.io