World Wide Web (WWW) creator Tim Berners-Lee believes cryptocurrencies are “dangerous” and investing in them is akin to gambling.
However, he argued that it could be useful for transactions if they were converted to fiat money when received by the recipient.
In a recent appearance on CNBC, British computer scientist best known for creating the World Wide Web – Tim Berners-Lee. have warnedinvestors to stay away from cryptocurrencies because it is “Speculation” and Gambling
“Investing in something which is just speculation. It’s not what I want.”
He also described crypto as “dangerous,” and saw similarities between the state of crypto today and the dot-com bubble from the late 1990s, when many internet-based companies became the biggest buzz in crypto. at that time And huge amounts of capital flowed into them. But in the end it caused a big mistake. Although some entities, including eBay or Amazon, may have survived and now stand as giants in their respective fields.
Berners-Lee thinks the only advantage of bitcoin and altcoins is the ability to send money, however, he advises consumers to switch back to fiat currency upon receipt.
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