Franklin Templeton CEO: Crypto Investment Should Focus on Infrastructure Rather Than Bitcoin

BlockBeats News, August 20th, Jenny Johnson, CEO of Franklin Templeton, which has $1.6 trillion in assets under management, stated at the SALT Conference in Jackson Hole, Wyoming, that Bitcoin is a "Fear Currency." In her view, Bitcoin has diverted people's attention from the true potential of blockchain.

She believes that the most promising investment direction in the crypto space is blockchain infrastructure, including blockchain networks, consumer applications, and node validators. Johnson anticipates that in the future, mutual funds and ETFs will gradually operate on the blockchain, but regulatory risk remains the biggest obstacle to this transformation. She emphasized that for active investment managers, the transparency provided by validators could bring about a "game-changing" effect. (CoinDesk)