Franklin Templeton CEO praise “Suite” of Crypto Opportunities and Says She Has Noticed Global Demand for Bitcoin
Jenny Johnson, president and chief executive of global investment firm Franklin Templeton, claims that the public’s view of Bitcoin (BTC) as a safe haven asset sets a price floor for the leading cryptocurrency.
In a recent interview with CNBC, Johnson stated that the introduction of new spot Bitcoin ETFs has made the need for BTC clear.
Last Monday, the U.S. Securities and Exchange Commission (SEC) authorized eleven applications, including Franklin Templeton’s Bitcoin Exchange-Traded Fund (ETF).
Furthermore, the chief executive officer adds that the corporation sees Bitcoin as “one of a suite” of blockchain-related potential, referencing the introduction of the first US-registered mutual fund to use a public blockchain for transaction processing and share ownership record-keeping.
Aside from the fact that the top cryptocurrency asset is being used as a hedge to maintain “a floor on the price,” Johnson argues that the ETFs will make Bitcoin more accessible.
“Talking to individuals all across the globe was a big part of what finally convinced me to believe… Someone once told me I could lose all of my money if I said anything wrong in my country, so they kept half of their funds in Bitcoin.
Someone I spoke with in Israel told me, “All of my ancestors’ assets were confiscated.” Since they retain some of their funds in Bitcoin, there is a natural apprehension about it, which is seen as a kind of insurance. However, I also believe it is critical for driving the next major opportunity in the blockchain industry.”
