{"id":570423,"date":"2024-01-20T02:00:17","date_gmt":"2024-01-20T02:00:17","guid":{"rendered":"https:\/\/wncen.com\/?p=570423"},"modified":"2024-06-11T14:44:42","modified_gmt":"2024-06-11T14:44:42","slug":"how-bitcoin-won-the-heart-of-this-financial-giant","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/how-bitcoin-won-the-heart-of-this-financial-giant\/","title":{"rendered":"How Bitcoin Won The Heart Of This Financial Giant"},"content":{"rendered":"
Franklin Templeton President and CEO Jenny Johnson joined CNBC\u2019s \u2018Squawk Box\u2019 to discuss the firm\u2019s spot Bitcoin Exchange-Traded Fund (ETF) offering in the US. In this interview, Johnson shared the reasons for investing in Bitcoin.<\/p>\n
As she states in the interview<\/a>, the CEO is known for saying that \u201cBitcoin is the greatest distraction from one of the greatest disruptions in financial services,\u201d which has led many people to believe that she doesn\u2019t support or believe in the crypto asset.<\/p>\n Contrary to this belief, she points out that the Franklin Bitcoin ETF (EZBC) launch shows the asset manager company\u2019s belief in BTC and blockchain technology.<\/p>\n Johnson cites the security that Bitcoin provides as one of the reasons that made her a \u201cbeliever.\u201d Holding and managing your private keys<\/a>, which she states doing at one point, gives the asset what she labels an \u201cinsurance or safety component.\u201d<\/p>\n This component makes crypto investors trust Bitcoin more since there\u2019s a \u201cfear component\u201d linked to traditional assets, as she explains:<\/p>\n One of the things that made me\u00a0a believer is: as I went around the world\u00a0talking to people who would tell you \u2018I keep 50%\u00a0of my savings in Bitcoin\u00a0because if I save the wrong\u00a0thing in my country, I could\u00a0have my assets confiscated.\u2019 I remember talking to somebody\u00a0in Israel who said, \u2018My parents\u00a0and their parents had all of\u00a0their assets confiscated\u2019 and\u00a0they keep a portion in Bitcoin. So, there\u2019s a fear component to it that it\u2019s considered almost an\u00a0insurance or safety component.<\/p>\n<\/blockquote>\n The CEO also listed the importance of Bitcoin in \u201cfueling what is the next real opportunity in this blockchain world,\u201d another reason for her to believe in the asset.<\/p>\n Regarding the reason behind the market\u2019s demand that led to the spot Bitcoin ETF\u2019s approval<\/a> by the US Securities and Exchange Commission (SEC), the CEO thinks that there are various reasons for it, including Bitcoin\u2019s crucial role, \u201cfrom a blockchain standpoint,\u201d in the ability to pay.<\/p>\n Johnson further explained that blockchain technology will \u201copen a lot of really interesting tech investment opportunities,\u201d as Bitcoin is \u201cone of the suitable opportunities here.\u201d Furthermore, the CEO recalled the asset manager’s previous use and trust in blockchain technology:<\/p>\n We actually launched and\u00a0tokenized money market fund. We\u2019re the first mutual fund or the first\u00a0traditional asset manager to actually launch a 40-act fund on a\u00a0public blockchain, on the stellar blockchain.<\/p>\n<\/blockquote>\n Lastly, when asked what can allure a traditional investor to invest in an ETF<\/a>, she explains there\u2019s a market and use case for both. But while holding your keys can be ideal for many, it may also be complicated to figure out.<\/p>\n ETFs can better fit some investors who want to diversify their portfolio while \u201cbeing able to open it up, have access through an ETF, and simply through your account.\u201d<\/p>\n <\/p>\n Franklin Templeton President and CEO Jenny Johnson joined CNBC\u2019s \u2018Squawk Box\u2019 to discuss the firm\u2019s spot Bitcoin Exchange-Traded Fund (ETF) offering in the US. In this interview, Johnson shared the reasons for investing in Bitcoin. Related Reading: Trillion-Dollar Franklin Templeton Shares High Praise For Solana, Is A SOL ETF Coming? What Made Franklin Templeton CEO A Bitcoin Believer As she states in the interview, the CEO is known for saying that \u201cBitcoin is the greatest distraction from one of the greatest disruptions in financial services,\u201d which has led many people to believe that she doesn\u2019t support or believe in the crypto asset. Contrary to this belief, she points out that the Franklin Bitcoin ETF (EZBC) launch shows the asset manager company\u2019s belief in BTC and blockchain technology. Johnson cites the security that Bitcoin provides as one of the reasons that made her a \u201cbeliever.\u201d Holding and managing your private keys, which she states doing at one point, gives the asset what she labels an \u201cinsurance or safety component.\u201d This component makes crypto investors trust Bitcoin more since there\u2019s a \u201cfear component\u201d linked to traditional assets, as she explains: One of the things that made me\u00a0a believer is: as I went around the world\u00a0talking to people who would tell you \u2018I keep 50%\u00a0of my savings in Bitcoin\u00a0because if I save the wrong\u00a0thing in my country, I could\u00a0have my assets confiscated.\u2019 I remember talking to somebody\u00a0in Israel who said, \u2018My parents\u00a0and their parents had all of\u00a0their assets confiscated\u2019 and\u00a0they keep a portion in Bitcoin. So, there\u2019s a fear component to it that it\u2019s considered almost an\u00a0insurance or safety component. The CEO also listed the importance of Bitcoin in \u201cfueling what is the next real opportunity in this blockchain world,\u201d another reason for her to believe in the asset. Trust In Blockchain Technology Regarding the reason behind the market\u2019s demand that led to the spot Bitcoin ETF\u2019s approval by the US Securities and Exchange Commission (SEC), the CEO thinks that there are various reasons for it, including Bitcoin\u2019s crucial role, \u201cfrom a blockchain standpoint,\u201d in the ability to pay. Johnson further explained that blockchain technology will \u201copen a lot of really interesting tech investment opportunities,\u201d as Bitcoin is \u201cone of the suitable opportunities here.\u201d Furthermore, the CEO recalled the asset manager’s previous use and trust in blockchain technology: We actually launched and\u00a0tokenized money market fund. We\u2019re the first mutual fund or the first\u00a0traditional asset manager to actually launch a 40-act fund on a\u00a0public blockchain, on the stellar blockchain. Lastly, when asked what can allure a traditional investor to invest in an ETF, she explains there\u2019s a market and use case for both. But while holding your keys can be ideal for many, it may also be complicated to figure out. ETFs can better fit some investors who want to diversify their portfolio while \u201cbeing able to open it up, have access through an ETF, and simply through your account.\u201d Related Reading: Bitcoin ETF Makes Waves: Volumes Surge $10 Billion 3 Days Bitcoin is trading at $40,990.5 on the hourly chart. Source: BTCUSDT on TradingView.com Feature image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":570427,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,532,656,1122,17066,78790],"class_list":["post-570423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-bitcoin-news","tag-btc-price","tag-btc-price-prediction","tag-btcusdt"],"acf":[],"yoast_head":"\n\n
Trust In Blockchain Technology<\/h2>\n
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Bitcoin is trading at $40,990.5 on the hourly chart. Source: BTCUSDT on TradingView.com<\/a><\/pre>\n