Franklin Templeton CEO: Crypto Investment Should Focus on Infrastructure Rather Than Bitcoin
BlockBeats News, August 20th, Jenny Johnson, CEO of Franklin Templeton, which has $1.6 trillion in assets under management, stated at the SALT Conference in Jackson Hole, Wyoming, that Bitcoin is a "Fear Currency." In her view, Bitcoin has diverted people's attention from the true potential of blockchain.
She believes that the most promising investment direction in the crypto space is blockchain infrastructure, including blockchain networks, consumer applications, and node validators. Johnson anticipates that in the future, mutual funds and ETFs will gradually operate on the blockchain, but regulatory risk remains the biggest obstacle to this transformation. She emphasized that for active investment managers, the transparency provided by validators could bring about a "game-changing" effect. (CoinDesk)
You may also like
Gainers
Latest Crypto News
Data Center Overheating Causes Nasdaq to Halt Trading for Over 10 Hours, Backup Data Center Not Deployed
Alliance DAO Genesis: Does not believe that L1 tokens are always a bad investment, nor will it short them
As the U.S. Struggles to Mediate, Russia and Ukraine Launch Attacks on Each Other
A certain "Flash Loan Attack Whale" address has accumulated 7066 ETH in the past 5 days through a "Rug Pull Contract Buy Spot" strategy.
The People's Bank of China Convenes Meeting of the Coordination Mechanism for Cracking Down on Virtual Currency Transaction Speculation
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com