T. Berners-Lee Bashes Bitcoin: Too Speculative, Like Dotcom Bubble

• Tim Berners-Lee, the inventor of the World Wide Web, recently criticized Bitcoin as too speculative.
• He compared Crypto to the dotcom bubble and stated that investing in it was like gambling.
• Warren Buffett and Charlie Munger have also been vocal critics of digital currencies.

Tim Berners-Lee Criticizes Bitcoin

Recently, Sir Tim Berners-Lee, the inventor of the World Wide Web, came out to criticize bitcoin as “too speculative”. In an interview he questioned its value and claimed that it wasn’t based on anything tangible, just pure speculation. He also likened crypto to the dotcom bubble and implied that it’s only a matter of time before it crashes down entirely.

Warren Buffet & Charlie Munger’s Views on Crypto

Warren Buffett and Charlie Munger are two other well-known figures who have expressed their criticisms of digital currencies in the past. Buffett has famously referred to bitcoin as “rat poison squared” while Munger has argued that those who invest in such assets must be stupid.

The Internet Was Speculative Too

It could be argued that when Berners-Lee created the internet he was engaging in speculation himself when introducing this brand new technology into society which could have gone up or down depending on how people reacted to it. Therefore, his criticism can be seen as slightly hypocritical due to this fact.

The Benefits Of Cryptocurrency

Despite these criticisms from influential individuals, many argue that there are still many benefits associated with cryptocurrency such as providing greater financial freedom and access for those without bank accounts or outside traditional banking systems, enabling faster transactions across borders without high fees associated with traditional money transferring services and providing a secure decentralized system for storing data securely online protected from cybercrime threats by cryptographic algorithms.


Ultimately it is clear that cryptocurrency still has a long way to go before it will become more widely accepted by mainstream society but despite this criticism from prominent figures such as Tim Berners-lee there are still many advantages associated with cryptocurrency which make it an attractive investment option for some people around the world today.