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Web pioneer Berners-Lee warns that cryptocurrency is dangerous as Bitcoin bears assemble

Web pioneer Berners-Lee warns that cryptocurrency is “dangerous” as Bitcoin bears assemble

Posted on March 23, 2023

Canada News on Cryptocurrency, Bitcoin, NFT – Web pioneer Berners-Lee warns that cryptocurrency is “dangerous” as Bitcoin bears assemble.

The creator of the World Wide Web and an early internet pioneer, Tim Berners-Lee, is the most recent person to express negative opinions on Bitcoin BTCUSD +1.19% and its peers, Web pioneer Berners describing cryptocurrencies as “hazardous” in recent statements.

It is simply hypothetical. On an episode of CNBC’s Beyond The Valley podcast that was released late last week, the computer scientist stated of cryptocurrencies, Canada News on Cryptocurrency, Bitcoin, NFT “Clearly, it’s pretty risky. He stated that he didn’t want to spend his time investing in purely speculative bets like Bitcoin and that the technique was intended for those who “want to take a kick out of gambling.”

Web pioneer Berners-Lee warns that cryptocurrency is dangerous as Bitcoin bears assemble
Web pioneer Berners-Lee warns that cryptocurrency is dangerous as Bitcoin bears assemble

In a recent podcast interview, early internet pioneer Tim Berners-Lee denounced cryptocurrencies.
courtesy of Sotheby’s Ed Quinn.

Berners-Lee is the most recent prominent person to come out against cryptocurrencies as the regulatory storm clouds in the U.S. have intensified. Federal authorities have increased their crackdown on cryptocurrency businesses and goods in recent weeks.

As widely regarded as Warren Buffett’s right-hand man, Charlie Munger, vice chairman of Berkshire Hathaway (ticker: BRK.A and BRK.B), claimed last week that “crypto crappo” is “worthless, it’s no good, it’s insane,” and that he was “ashamed” that Bitcoin wasn’t outlawed in the United States.

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Welcome to Fluxnet-Canada! Our website is dedicated to providing the latest news and updates related to cryptocurrency. Our team of five members is committed to bringing you the most informative and educational content possible in Canada. Our website provides an extensive range of news articles, including topics such as blockchain technology, cryptocurrencies, exchanges, and regulations. We hope you find our website helpful and informative!

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