### Berners-Lee highlighted that, like the dot-com bubble, some people are valuing cryptocurrencies based on what they imagine others will value them in the future, rather than real revenue or intrinsic value. This type of speculative investment is inherently risky, with the potential for huge gains but also massive losses.

 

<blockquote className="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/cryptonews?src=hash&amp;ref_src=twsrc%5Etfw">#cryptonews</a>: The man credited with inventing the world wide web that the vast majority of the Internet exists on took aim at <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> last week, saying that it&#39;s &quot;really dangerous.&quot; 🧐<a href="https://t.co/3A5Lntr0rY">https://t.co/3A5Lntr0rY</a></p>— CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1628100490281238533?ref_src=twsrc%5Etfw">February 21, 2023</a></blockquote> 

  



Berners-Lee's comments reflect a growing concern among some experts about the cryptocurrency market. While digital assets like Bitcoin have seen a massive surge in value over the past year, there are worries that this growth is unsustainable and based on hype rather than real-world use cases.



Moreover, there are concerns about the potential for cryptocurrency to be used in illegal activities, such as money laundering and terrorism financing. The decentralized nature of cryptocurrency transactions makes it difficult to trace and monitor, leading to calls for greater regulation in the space.



Despite these concerns, the cryptocurrency market continues to attract interest from investors and individuals seeking to capitalize on the potential for massive gains. However, as Berners-Lee points out, investing in speculative assets like cryptocurrencies is not always a wise strategy for those seeking long-term financial stability.


The information provided by Berners-Lee serves as a reminder to investors that they should use prudence and due diligence before purchasing digital assets or any other speculative asset. While the allure of potentially enormous gains, the dangers present cannot be disregarded. When making a choice, as with any investment, it is crucial to weigh the fundamentals and the possibilities over the long run. 

None of this should be considered financial advice.  As always, do your own research and stay safe out there!


 

Tim Berners-Lee, the inventor of the World Wide Web, recently spoke out against the speculative nature of cryptocurrencies, comparing it to the dot-com bubble of the late 1990s. In an interview with a major news outlet, Berners-Lee stated that cryptocurrency is essentially a form of gambling and not a sound investment strategy.

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