• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Franklin Templeton CEO: TradFi Underestimates Bitcoin

user avatar

by Giorgi Kostiuk

2 years ago

  1. Speech at Jackson Hole Symposium
  2. Comparison with Traditional Payment Systems
  3. Current Investments by Franklin Templeton


    4. Franklin Templeton CEO Jenny Johnson expressed concern over the underestimation of Bitcoin by traditional financial institutions.

    Speech at Jackson Hole Symposium

    Speaking at the Jackson Hole Symposium in Wyoming, Franklin Templeton CEO Jenny Johnson stated that traditional financial institutions are underestimating the massive scale of Bitcoin. Johnson mentioned that she spends 30% of her daily work researching innovative technologies.

    We have an entire industry that runs almost parallel to traditional finance and ignores the huge cryptocurrency ecosystem. What's crazy to me and what I can't understand is that the traditional financial sector has no idea about the amount and volume of money circulating in the Bitcoin and crypto space. Despite Bitcoin's size, TradFi still ignores BTC.Jenny Johnson

    Comparison with Traditional Payment Systems

    Johnson pointed out that traditional financial institutions have no idea about the size and volume of Bitcoin. According to her, $36.6 trillion worth of transactions were made on the Bitcoin blockchain last year. Comparing Visa and Mastercard to Bitcoin transactions, the famous CEO noted that global payment networks Mastercard and Visa carried out transactions of $9 trillion and $14.8 trillion respectively. She highlighted, 'Bitcoin's transaction volume doubled the total transaction volume of Mastercard and Visa in 2023.'

    Current Investments by Franklin Templeton

    Franklin Templeton already has spot Bitcoin and Ethereum ETFs.

    The Franklin Templeton CEO emphasizes the significance of cryptocurrencies and artificial intelligence, noting that traditional financial institutions fail to recognize the scale of cryptocurrency transactions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Revised Editorial Guidelines Designed to Improve Reporting Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in reporting.

user avatarFilippo Romano

Dogecoin Price Recovery and Resistance Levels

chest

Dogecoin has initiated a recovery wave, overcoming key resistance levels, but faces challenges ahead.

user avatarEmily Carter

XRP Price Rebound and Important Resistance Points.

chest

XRP price shows signs of recovery, trading above key support levels and facing resistance at 11740.

user avatarTomas Novak

Vietnam to Mandate Crypto Trading in Local Currency

chest

Vietnam plans to mandate that all domestic crypto transactions be settled in Vietnamese dong, barring dollar-paired trades on licensed platforms.

user avatarKaterina Papadopoulou

Joseph Lubin's Wallet Moves 80,001 ETH, Sparking Market Panic

chest

A wallet linked to Ethereum cofounder Joseph Lubin has moved 80,001 ETH for the first time in over three years, causing market concern.

user avatarMaya Lundqvist

Whales React to Market Conditions Amid ETH Transfers

chest

In the wake of significant ETH transfers, various crypto whales are displaying contrasting strategies, with some selling and others buying back into the market.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.