Franklin Templeton CEO Highlights Blockchain Infrastructure as Key Crypto Investment
Jenny Johnson, CEO of Franklin Templeton, emphasized the importance of investing in blockchain infrastructure rather than digital assets like Bitcoin (BTC) at the SALT conference.
- Bitcoin serves as a “fear currency” for those in unstable economies but is seen as a distraction from blockchain's true potential.
- Investment focus should shift to the underlying systems supporting digital assets, described as "picks and shovels."
- Johnson highlighted the significance of blockchain networks and emerging consumer applications.
- She sees potential in validators, which could enhance transparency in financial transactions.
- Franklin Templeton has launched multiple crypto products under her leadership.
- Future financial products may migrate to blockchains for greater efficiency, but regulatory challenges persist.
- The risk of numerous digital assets failing complicates regulatory acceptance.