Some of the most experienced market investors and inventors have been harshly critical of the cryptocurrency industry. The latest development is that Tim Berners-Lee, the World Wide Web inventor, has attacked crypto calling them “dangerous” and likening them with gambling.
Time Berners’ latest comments were published in the latest episode of CNBC’s Beyond The Valley podcast, which was published last Friday. Tim Berners stated that cryptocurrencies were only “speculative” when he was discussing the future web. He also said that cryptocurrencies are only “speculative” and compared them with the dot-com bubble, where internet companies managed to achieve crazy valuations while not having strong fundamental businesses.

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CNBC interviewed the World Wide Web inventor, who said:
“It’s only speculation. That’s obviously dangerous. It’s only for those who enjoy gambling. Investing in certain items, which is purely speculation, isn’t where I want my time to be spent.

Berners-Lee said that digital currencies can only be used for remittances if they are immediately converted into fiat currency upon receipt.
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Web 3.0 is the future of the Internet, but without Blockchain and Crypto
Berners-Lee, the inventor of the World Wide Web is not happy with the way the internet was created. He is now working with John Bruce to remake the internet’s future through his startup Inrupt.

According to the WWW inventor, his goal was to give more people control of their data. Many market proponents see Web3 as the future of the internet. Many see Web3 as the future of the internet, which will use blockchain technology and include digital assets. Web3 is a decentralized internet, with no single company having a monopoly.
Berners-Lee however envisions Web 3.0 as something different to the traditional Web3. He said, “It’s no blockchain,” while pointing out that the technology isn’t fast or secure.

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