Billionaire Alibaba Co-Founder Joe Tsai Tweets ‘I Like Crypto’, CEO Of World’s Largest

Alibaba Group Holding Ltd – ADR (NYSE:BABA) chairman and co-founder Joe Tsai is showing appreciation for the cryptocurrency industry.

What Happened: “I like crypto,” Tsai tweeted on Monday night without any context or earlier tweets the would provide context to the statement. Changpeng Zhao — the CEO of the world’s top cryptocurrency exchange Binance — quickly answered the tweet with a simple statement “I like Joe.”

I like crypto

— Joe Tsai (@joetsai1999) December 28, 2021

See Also: Learn about Cryptocurrency 

Tsai — who owns the NBA’s Brooklyn Nets and has a estimated net worth of about $8.7 billion — is no stranger to blockchain technology, considering that Alibaba financial technology subsidiary Alipay is a major investor in this industry. His statement follows Brooklyn Nets player Kevin Durant partnering with major United States cryptocurrency exchange Coinbase Global Inc.(NASDAQ:COIN) in a multi-year deal in which Durant will become an advertising face for the exchange.

Furthermore, earlier this year Tsai entertained the idea of the Brooklyn Nets issuing fan tokens and non-fungible tokens (NFTs) to find new ways to connect with team supporters, along with  a new source of income for the Nets.

Related Link: TOP SPORTS NFTS

Join ZINGERNATION and earn ZING, an ERC-20 smart contract token we launched aimed to reward members as we build a community to find and share great trading and investing opportunities. Download the mobile app now, available on iOS and Android.

Click here, or sign up for our newsletter to explore more of Benzinga’s Cryptocurrency market coverage, in-depth coin analysis, data, and reporting.