• 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

a year 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

Bitcoin Price Approaches Cyclical Bottom

chest

Recent analysis indicates that Bitcoin is currently at a significant price level, suggesting a potential cyclical bottom.

user avatarLi Weicheng

Bitcoin Price Declines Amid Bear Market

chest

Bitcoin's price is significantly below its all-time high, indicating a bear market.

user avatarAisha Farooq

Bitcoin Sharpe Ratio Indicates Market Conditions

chest

The Bitcoin Sharpe Ratio is at a historically low level, suggesting high risks for current investors.

user avatarTenzin Dorje

CFTC Expands Eligible Margin Collateral to Include National Trust Bank Issued Stablecoins

chest

The CFTC has updated its advisory to recognize payment stablecoins issued by national trust banks as eligible margin collateral.

user avatarBayarjavkhlan Ganbaatar

Digital Asset Firms Push for National Bank Charters to Enhance Credibility

chest

Digital asset firms are competing for national bank charters to enhance credibility and expand services under federal oversight.

user avatarElias Mukuru

Bitcoin Mining Difficulty Sees Major Drop Amid Price Struggles

chest

Bitcoin mining difficulty has dropped significantly, marking the largest adjustment since China's crackdown on mining.

user avatarMohamed Farouk

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.