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Franklin Templeton Comments on Cryptocurrency
JPMorgan Chase CEO: Satashi Appears, Bitcoin Disappears
The digital asset research department of asset management company Franklin Templeton took over the company’s official
Twitter account today
and took the opportunity to publish a series of tweets related to cryptocurrency, including comments on Bitcoin, Ethereum, and the Solana ecosystem. The account published fragmented views rather than comprehensive reports. For example, the account mentioned the Bitcoin ecosystem:
Furthermore, when discussing Ethereum, the account pointed out that while the Ethereum ecosystem is currently facing some degree of a “mid-life crisis”, new concepts such as EIP 4844, the new DA layer, community revival, Restake, etc., are driving the development of the Ethereum ecosystem. In addition, the research team also recognized the potential of Solana as a single-blockchain and left a deep impression on various ecosystem activities emerging in the fourth quarter of 2023 (such as DePIN, DeFi, Meme, NFT, etc.). Finally, the team concluded:
While the main purpose of these actions seems to be promoting the new X account of its digital asset research department, “Franklin Templeton Digital Assets”, it is evident from the content released that the department has a deep understanding of the cryptocurrency field.
In contrast, JPMorgan Chase CEO Jamie Dimon’s remarks in an interview yesterday have been jokingly referred to as “pretending to be an expert” by many in the cryptocurrency community.
According to Benzinga’s report, JPMorgan Chase CEO Jamie Dimon expressed doubts about the finality of the 21 million Bitcoin supply limit during an interview with CNBC:
“I think when we get to 21 million Bitcoins, it’s a good opportunity. ..Satashi (verbatim) will appear, and then all the Bitcoins will be deleted. How do you know for sure it will stop issuing after reaching 21 million?”
This statement has been criticized and mocked by many in the crypto community, with Reflexivity co-founder Will Clemente stating that Jamie Dimon’s awkward remarks demonstrate his lack of basic understanding of the Bitcoin system. Additionally, Jamie Dimon’s slip of the tongue mentioning “Satashi” has now become a meme coin, speculated by investors.
The Duel of Industry Titans Franklin Templetons Expert Review of Cryptocurrency vs JPMorgan Chase CEOs Amateur Act
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