• 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

Community Response to Kaito Allegations Intensifies

chest

In response to the Kaito token dump allegations, the crypto community has formed decentralized investigation collectives to demand transparency and accountability from the Kaito team.

user avatarDiego Alvarez

Regulatory Implications of Kaito Scandal Highlighted

chest

The Kaito token dump allegations have surfaced during a period of heightened regulatory scrutiny in cryptocurrency markets, emphasizing the urgent need for clearer insider trading rules.

user avatarElias Mukuru

Sui Network Faces Six-Hour Outage Due to Consensus Bug

chest

Sui Network experienced a six-hour outage on January 14 due to a consensus bug, but user funds remained safe.

user avatarKenji Takahashi

Market Cap Expansion Confirms Bullish Shift for ORDIUSDT

chest

The market cap of ORDIUSDT has seen a sharp increase, confirming a bullish shift in the market.

user avatarMaria Fernandez

Commodity Markets Cool as Geopolitical Premium Fades

chest

Commodity markets softened as geopolitical risks eased, with oil prices extending losses and precious metals like gold and silver dipping.

user avatarGustavo Mendoza

Japanese Equities Decline Amid Political Uncertainty and Strong Yen

chest

Japanese equities fell as the yen strengthened, impacting exporter-heavy stocks amidst political uncertainty.

user avatarRajesh Kumar

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.