Franklin Templeton CEO Has Crypto in Portfolio But Sees Bitcoin as Distraction
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Franklin Templeton CEO Jenny Johnson holds small amounts of bitcoin, ether, Uniswap, and SushiSwap tokens in her investment portfolio.
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Johnson believes blockchain technology will disrupt finance but sees bitcoin as a "distraction" from that potential.
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She said governments will limit bitcoin if it ever threatens the US dollar's status as the reserve currency.
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Johnson thinks a bitcoin ETF is a better way to get exposure than direct investment.
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Franklin Templeton offers a money market fund supported on the Stella blockchain and Polygon Ethereum layer 2 network.