Franklin Templeton CEO Now Bullish on Bitcoin, Points to Payments and Anti-Government Appeal
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Franklin Templeton CEO Jenny Johnson sees strong demand and interest in Bitcoin, despite previously calling it a distraction from blockchain technology.
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Johnson pointed to Bitcoin's increasing use for payments and its role as a hedge against oppressive governments as reasons for its popularity.
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Franklin Templeton has been involved with blockchain technology since 2019, including launching a tokenized fund on Stellar and planning a $20 million blockchain venture fund.
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Johnson said Bitcoin ETFs appeal to investors because they remove the complexity of managing private keys to access Bitcoin.
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Franklin Templeton hinted about future plans related to Ethereum and Solana, though declined to provide specifics.