CEO of Franklin Templeton Investments, Jenny Johnson, recently discussed topics related to blockchain, cryptocurrency, and Bitcoin ETF in an interview with Fortune magazine.
Bitcoin ETF
Optimistic about Blockchain Technology
Personal Investments
Jenny Johnson pointed out that there is clearly a market demand for Bitcoin, and for anyone interested in investing in Bitcoin, a Bitcoin spot ETF is a more convenient way, which is why we are seeing so many Bitcoin ETF applications being submitted. However, Jenny Johnson also emphasized that Bitcoin itself faces some challenges. Positioning it in any specific investment concept is quite difficult. Bitcoin is often seen as a high-risk asset. Therefore, it is important to ensure that clients can take on the corresponding responsibility when allocating Bitcoin.
When asked about when the first Bitcoin spot ETF in the United States will be approved, Jenny Johnson gave a “diplomatic” response like most institutions.
On the other hand, Jenny Johnson stated that while Bitcoin is the focus of investors, blockchain technology itself is actually more exciting. Jenny Johnson believes that blockchain technology can eliminate friction costs associated with processing transactions, making it easier to divide and transfer ownership of hard-to-operate assets, thereby democratizing private marketplaces.
Additionally, Jenny Johnson revealed that Franklin Templeton has developed a token-based money market fund, which has established a shareholder record system and become a validating node, providing recommendations for different investment portfolios. Although these are still in the early stages, they demonstrate Franklin Templeton’s strong belief in this area.
When asked about her investments in the cryptocurrency field, Jenny Johnson disclosed that she personally holds a small amount of Bitcoin, Ethereum, UNI, and SUSHI, but this only represents a small portion of her investment portfolio. As for NFT collectibles, Jenny Johnson believes that some projects do have the potential to succeed, but she also suggests that some NFT investments may be meaningless.