The inventor of the World Wide Web, Sir Tim Berners-Lee, has recently shared his views on cryptocurrencies. He believes that cryptos are “really dangerous”, and that they are only suitable for people who want to partake in speculative investment. At the same time, the British computer scientist noted that they could be useful in remittances.
Tim Berners-Lee On Crypto
Sir Tim Berners-Lee, the British computer scientist widely credited with inventing the World Wide Web, discussed his views on cryptocurrencies in an episode of CNBC’s podcast “Beyond the Valley”, released last week.
The tech innovator labeled cryptocurrencies as “dangerous”, going on to compare them to a game. According to him, investing in cryptos is “purely speculative”, and advised against it. He illustrated this point by comparing them to the dot-com bubble, where people invested in web stocks without any real basis.
Investing in certain things, which is purely speculative, is not what I want to spend my time on.
Despite his reservations, Berners-Lee believes that cryptocurrencies could be beneficial in remittances. He said:
You can use it to send money to loved ones.
However, he warned people against holding cryptos for long periods of time, suggesting that people should get rid of them and convert them to USD.
What do you think about Tim Berners-Lee’s view on cryptocurrencies? Please let us know in the comments section.
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