Franklin Templeton CEO: TradFi Underestimates Bitcoin

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bybit Introduces Bybit Odds, Integrating Prediction Market Analytics

Bybit has launched Bybit Odds, an innovative analytics product designed to integrate prediction market data into its trading ecosystem.

user avatarTando Nkube

Binance Expands Automated Trading Tools for Users

Binance has introduced new Spot Grid and Spot DCA bot support for additional trading pairs, enhancing its spot platform's automation.

user avatarKofi Adjeman

China Launches Investigation into AI Labs for Data Misuse

China has launched an investigation into AI labs DeepSeek and Moonshot AI for allegedly routing sensitive user data to Anthropics servers.

user avatarNguyen Van Long

Lion Group Holding Adds HYPE Tokens to Corporate Treasury

Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, marking a significant move in corporate crypto asset holdings.

user avatarSatoshi Nakamura

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

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.