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